Green lentil bids are on the rise in the United States as farmers harvest a disappointing crop. Prices have gone up about two cents per pound in the last two weeks as the extent of the drought damage is unveiled. The situation should also support prices in Canada. Sportelli Pierfrancesco, a trader with Columbia Grain […] Read more
Tag Archives lentils
Rebound in red lentils up to Mother Nature
Dry conditions on parts of the Prairies will see production drop, but major export markets have sufficient stocks
VANCOUVER, B.C. — Red lentil markets are in gridlock, according to a panel of experts gathered at Pulses 2017. “The Canadian supply may be short, while on the other hand destination markets are full,” said Farhan Adam, chief executive officer with Marina Commodities Inc. “In short, it’s a standstill situation for Canadian lentils. The future […] Read more
Huge Australian lentil crop could see prices weaken
Pulse crop analysts believe red lentil prices could fall in the second half of 2016-17. The biggest immediate threat is the unusually large Australian lentil harvest making its way to markets in Asia and the Middle East. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates farmers harvested 450,000 tonnes of lentils, […] Read more
Commission’s lentil reports irk processor
A major lentil processor is fed up with what it says are misleading lentil quality reports produced by the Canadian Grain Commission. “They are nowhere near representative of what is actually going on in the countryside,” said Greg Simpson, president of Simpson Seeds, a processor headquartered in Moose Jaw, Sask. The commission published a report […] Read more
Lentils in abundance; carryout to climb
Sean Pratt reports from the pulse & special crops convention in Toronto TORONTO — The world is going to be awash in lentils, says a market analyst. Marlene Boersch, managing partner in Mercantile Consulting Venture, is forecasting 6.3 million tonnes of world production, a whopping 33 percent more than last year. That includes 3.55 million […] Read more
‘An awful lot of lentils’ may be coming
There were only a couple of surprises in Statistics Canada’s June seeding intentions report but one was a doozy. “What jumped out to me the most was the lentils,” said Derek Squair, president of Agri-Trend Marketing. Statistics Canada estimates a record-shattering 5.8 million acres of lentils, which is 48 percent higher than last year and […] Read more
StatsCan seeding report shows record lentil acreage
WINNIPEG/OTTAWA, June 29 (Reuters) – Canadian farmers planted less spring wheat and about the same area of canola as last year, dedicating the most land ever to lentils, Statistics Canada said in a report on Wednesday that was in line with trade expectations. Statscan pegged all-wheat plantings, which also include the durum and winter varieties, […] Read more
Green lentils a hot commodity
Sean Pratt reports from the Global Pulse Convention in Cesme, Turkey, about what is driving pulse markets. CESME, Turkey — Canada is sold out of green lentils, and the forecast is for another tight year in 2016-17. “Farm bins are empty. Warehouses and pipelines are empty,” said Gerald Donkersgoed, vice-president of Ilta Grain. “We have […] Read more
Analysts expect more interest in lentils as prices rise
Farmers are likely planting more lentils than what they told Statistics Canada, say analysts and a major processor. Alliance Grain Traders thinks growers will be making changes to their seeding plans right up until they start seeding. “Management expects that the key pulse crops handled by AGT may see a last minute boost in acreage […] Read more
Lentil growers benefit from poor yields abroad
Red lentil demand | India, Bangladesh and Pakistan may need to increase imports
Presentations at a recent international pulse conference shed light on why red lentil prices have been so strong this year. They outline problems with the crop in key production regions, which is why Canadian growers are seeing bids of 26 cents per pound for their lentils. The biggest revelation was how badly the crop fared […] Read more
