By Dave Sims, Commodity News Service Canada
Winnipeg, November 20 (CNS) – India’s decision to raise duties on pea imports is taking a bite out of Canada’s exports. According to Agriculture and Agri-Food Canada, pea exports will be lowered to 2.4 million tonnes in 2017/18. That compares to exports of 3.9 million tonnes the year previous. Canada’s pea ending stocks are subsequently expected to be half a million tonnes higher than previously expected.
Yellow pea prices in Western Canada were hanging steady, according to the latest information from the Prairie Ag Hotwire. Prices are now listed at C$5.00 to C$6.50 a bushel.
Laird #1 lentils fell one cent and now going for 31 to 36 cents a pound, according to the Hotwire.
Eston #1 lentils rose one cent and are listed at 28 to 30 cents per pound.
Bids for light kidney beans fell by one cent last week and are now 36.5 cents a pound.