By Commodity News Service Canada
Winnipeg, Nov. 30 – Following are a few highlights in the Canadian and world pulse markets on Monday, November 30.
– Shortages and resulting high local prices in India remain at the forefront of the global pulse market, as the country’s 17.2 million tonne pulse crop in 2014/15 was well below the 25 million tonne domestic demand.
– India has imported 2.237 million tonnes of pulses during the first half of the country’s current fiscal year (beginning April 1), according to data from the Commerce and Industry department. Of the total, Canada was the largest source – accounting for 930,000 tonnes of the pulse imports.
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– Canadian pea and lentil exports continue to run ahead of the year ago level, according to the latest Canadian Grain Commission data. As of November 22, Canada has exported 1.20 million tonnes of peas, which is up by about 50,000 tonnes from the same point the previous year. Lentil exports, at 401,100 tonnes, are over 130,000 tonnes ahead of the previous year’s pace.
– Green pea prices in the C$8.00 to C$8.75 per bushel range are being reported in Western Canada. Meanwhile, yellow peas are still firm, with bids as high as C$10.00 per bushel found in some locations. Red lentil bids as high as 51 cents per pound are being reported in some locations, while number 2 large green lentils are hitting prices as high as 55 cents.
