By Commodity News Service Canada
Winnipeg, April 4 (CNS Canada) – Chickpea and lentil prices in Australia are rising, according to a report from The Weekly Times linking the strength to expectations for below average production in India. Desi chickpea bids rose by Aus$120 a tonne over the month of March, while lentils increased by AUS$100.
Cyclone Debbie, which recently hit Australia, caused damage in some areas, but the moisture that came with the storm was reportedly beneficial for winter chickpea crops in Queensland, according to a report from Queensland Country Life.
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Top end large green lentil bids are holding relatively firm, with number 2 Lairds currently topping out at about 48 cents per pound, according to Prairie Ag Hotwire data. New crop bids, meanwhile, range from about 32 to 37 cents per pound.
Red lentil bids range from about 21 to 25 cents per pound, with new crop prices also topping out at 25 cents.
Green pea bids range from C$7.65 to C$8.50 per bushel in Western Canada. Yellow peas range from C$6.70 to C$8.75 per bushel, according to Prairie Ag Hotwire.
Large calibre (10mm) kabuli chickpeas are currently seeing prices as high as 70 cents per pound in some cases, although a lack of supplies may limit any actual movement.
