Reading Time: < 1 minute MarketsFarm — The red lentil market in Western Canada is seeing some life to start the New Year, with improved bids creating some marketing opportunities. “Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice-president with Rayglen Commodities in Saskatoon, noting red […] Read more
Pulse weekly outlook: Red lentils see some strength
ILTA Grain security payout to be CGC’s biggest ever
Reading Time: 4 minutes An insurance policy set up for demised Prairie pulse exporter ILTA Grain will pay, in full, what’s owed to over 200 growers who supplied the company, according to the Canadian Grain Commission. The CGC announced Monday that 222 eligible unpaid growers will receive a total of $11.146 million covered by the security ILTA posted before […] Read more
Pulse weekly outlook: Edible bean yields lower across North America
Reading Time: 2 minutes MarketsFarm — A challenging harvest season spelled trouble for dry bean yields across North America, according to one report from the Global Pulse Confederation. Mexico’s spring-summer bean crop yield was pegged at around 400,000 tonnes, which was 52 per cent lower than the previous year. The loss in production was largely due to drought conditions […] Read more
Pulse weekly outlook: Drop in India’s production may lead to lower duties
Reading Time: 2 minutes MarketsFarm — There’s a possibility the government of India could lower its import duties on pulses, including those from Canada, according to reports. With India’s monsoon rains having continued longer than usual, production of the country’s kharif (summer) pulse production fell by almost two million tonnes. Prior to the monsoons, market expectations called for 10.1 […] Read more
Pulse weekly outlook: Balance sheet tightening
Reading Time: 2 minutes MarketsFarm — Canadian pea and lentil production failed to live up to earlier projections, according to the latest survey data from Statistics Canada. While both crops are still forecast to be above their year-ago levels, the tightening supply expectations should underpin prices. Canada’s 2019-20 lentil crop was pegged at 2.17 million tonnes in the government […] Read more
Grain World: Opportunities great for Canadian pulses, AGT CEO says
Reading Time: 2 minutes Saskatoon | MarketsFarm — To Murad Al-Katib, the opportunities for Canadian pulse exports to India are amazing, provided one correctly understands the context of India’s tariffs on pulses. Also, he said, those Canadian exporters must realize they need to switch from being solely dependent on commodities to adding value by shipping food and ingredients. “We […] Read more
Pulse weekly outlook: FCC sees opportunities for exports
Reading Time: 2 minutes MarketsFarm — Farm Credit Canada (FCC) on Tuesday released a report titled Diversifying Canada’s agriculture exports, which included pulses and also looked at some of the pros and cons to diversifying Canada’s wheat, canola and soybeans. “Canada has done extremely well in establishing strong trade relations in a number of key markets thanks to a […] Read more
Pulse weekly outlook: Green pea bids still pointed higher
Reading Time: < 1 minute MarketsFarm — Green pea prices in Western Canada continue to rise, while bids for most of the other major pulses grown in the Prairies are also trending higher. Spot green pea bids have risen by about 70 cents per bushel over the past two weeks to currently top out at $10.50 per bushel, according to […] Read more
India looking to import pulses
Reading Time: < 1 minute MarketsFarm – Although India has prioritized producing their country’s own pulses self-sufficiently, unprecedented rainfall in October and November could turn the country back to relying on imports. A statement from the chairman of the Indian Pulses and Grains Association (IPGA), Zaverchand Bheda, said as much as 50 per cent of the urad pulse crop was […] Read more
Green, yellow pea price spread to widen
Reading Time: < 1 minute MarketsFarm – Quality issues with Canada’s green pea crop are starting to show up in the cash market, with a widening spread between green and yellow peas expected going forward. Top end green pea bids have risen by more than a dollar per bushel over the past month, while yellow peas have only increased by […] Read more
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