By Commodity News Service Canada
Winnipeg, April 18 (CNS Canada) – India’s South-West Monsoon is expected to be ‘normal’ in 2017, according to the first official long-range forecast from the India Meteorological Department (IMD) on April 18.
The South-West monsoon typically accounts for more than 70 per cent of the country’s annual precipitation, according to reports.
However, the IMD cautioned that uncertainty over a number of global weather anomalies, including El Nino, kept some caution in the forecast. The IMD forecasts the chance of an El Nino developing at 40 per cent, which would be down from an earlier forecast of 50 per cent. El Nino weather patterns typically cut into monsoon rains in India.
Read Also
Canadian Financial Close: C$ softens Tuesday
Glacier FarmMedia — The Canadian dollar was slightly weaker on Monday, as the latest inflation data The Canadian dollar settled…
Top end large green lentil bids are holding relatively firm in Western Canada, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 31 to 39 cents per pound.
Red lentil bids range from about 22 to 26 cents per pound, with new crop prices also topping out at 24.5 cents.
Top-end pea bids are moving higher, according to the latest Prairie Ag Hotwire data. Green pea bids range from C$7.65 to C$8.75 per bushel in Western Canada, while yellow peas range from C$6.70 to C$9.00 per bushel.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 65 cents per pound in some cases, although a lack of supplies may limit any actual movement.
