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Lentils

Crops, Lentils, Markets, Pulses

Pulse weekly outlook: Lentil prices hit December lull

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Reading Time: < 1 minute MarketsFarm — After a year that has seen lentil prices climb by between seven and 13 cents/lb., they have stalled and pulled back a little bit, according to Allan Johnston of Johnston Grains at Welwyn, Sask. “The market is not very friendly,” Johnston said, noting dry pea prices have receded as well. “Lentil prices are […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

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Reading Time: < 1 minute MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Tight supplies push up green lentil prices

Summer exports 'unusually good'

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Reading Time: < 1 minute MarketsFarm — Prices for green lentils in Western Canada have been on the upswing, with Lairds rising by between six and 12 cents/lb. “The summer exports were unusually good and are going fairly well right now,” said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “People are realizing overall green lentil supplies, primarily in […] Read more
Crops, Lentils, Markets, Peas

Pulse weekly outlook: Peas, lentils see some strength

Lentil trade watching India

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Reading Time: < 1 minute MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more
Crops, Lentils, Markets

India restores reduced tariff on lentil imports

All but U.S. lentil imports to get better break on duty, again

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Reading Time: 2 minutes India has reinstated a reduced-rate tariff on imports of lentils from Canada as well as from all lentil-exporting nations other than the United States. Saskatchewan Pulse Growers on Friday reported receiving a Sept. 17 notification of amendment from India’s finance ministry regarding customs tariffs on lentils, which in Canada’s case had snapped back to 33 […] Read more
Crops, Lentils, Markets

Saskatchewan lentil crop projections raise skepticism

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Reading Time: 2 minutes MarketsFarm — There’s a little skepticism towards Statistics Canada’s projections for this fall’s lentil crop in Saskatchewan. The federal agency on Monday pegged the province’s 2020 lentil crop to come in at around 2.61 million tonnes on about 3.73 million acres. That’s almost a 26 per cent jump in production on a 13.2 per cent […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Lentil crop expected to spike in Alberta

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Reading Time: 2 minutes MarketsFarm — One bright spot for Alberta agriculture in 2020 has been the province’s lentil crop. The amount of the pulse grown this year skyrocketed by more than 173 per cent than compared to 2019, according to Statistics Canada. The federal agency reported Monday that lentil production in Alberta is set to hit a record […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Harvest activity pressures lentils

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Reading Time: < 1 minute MarketsFarm — With harvest activity beginning across most of the Prairies, pulse prices are experiencing typical harvest pressure. About 20 per cent of the lentil crop has been harvested in Saskatchewan, according to the province’s crop report from Thursday. The west-central region lagged furthest behind the province’s average rate, with just seven per cent of […] Read more
Crops, Lentils, Markets

Pulse weekly: Harvest pressure now hitting lentils

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Reading Time: 2 minutes MarketsFarm — As the harvest begins to ramp up across Canada, lentil prices have begun to feel some of the downward pressure. However, to Marcos Mosnaim of Globeways Canada Inc. at Mississauga, Ont. there’s more to the recent declines. “We are feeling pressure from other origins. As United States green lentils are selling much cheaper […] Read more
Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices off pandemic peak

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Reading Time: < 1 minute MarketsFarm — Lentil prices received a bit of a bump earlier in the year from peak pandemic panic-buying, but have subsided in recent weeks. “At the beginning, a lot of people were buying, which led to a spike in prices,” explained Marcos Mosnaim of Globeways Canada in Mississauga. “That scarcity has come down a lot.” […] Read more

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