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
Tag Archives lentils — page 6
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
Strong demand to support lentil prices
Prices buoyed | Global shortfalls and strong exports perk up Canada’s lentil outlook
Lentil prices should remain strong because of soaring demand and shrinking supply, say two major pulse processors. “Production shortfalls projected for India may represent a demand catalyst that we expect may continue through the second half of the year,” Murad Al-Katib, president of Alliance Grain Traders Inc., said in a news release. He also expects […] Read more
Ample lentils weigh on market
Ending stocks larger than average | Disciplined growers are selling just enough to meet demand
Agriculture Canada has reduced its estimate of lentil ending stocks but it is still a number that will weigh down markets, says an analyst. The latest forecast for 2012-13 is for 650,000 tonnes of carryout, which is down from the August estimate of 950,000 tonnes due to reduced production and increased exports. That is lower […] Read more
