By Dave Sims, Commodity News Service Canada
Winnipeg, November 10 (CNS) – Yellow pea prices in Western Canada weakened for another day. After falling 93 cents over the past few days, prices took yet another step back, losing seven cents per pound, according to the latest information from the Prairie Ag Hotwire. Prices are now listed at C$5.00 to C$7.00 a bushel. The fall is related to India’s decision to impose a 50 percent tariff on pea imports.
More weather problems are damaging pulse crops in Australia. According to a story on TheChronicle.com, chickpea prices could take a mild hit due to low yields. Hailstorms and downpours followed by quick frosts have damaged crops in multiple areas.
Laird #1 lentils fell seven cents and now are locked in a range of 34 to 37 cents a pound, according to the Hotwire.
Eston #1 lentils declined by four cents and are listed at 28 to 29 cents per pound.
Bids for kabuli chickpeas (7 mm) rose by one cent and are now 41 to 42 cents a pound.