Canada Market
19-Dec-2024 11:17 AM
Canada Market
The current market for lentils, peas, and chickpeas in Canada is showing some stability but with certain variations:
Lentils:
Red lentils: Prices remain steady, with some bids reaching 35 cents per pound delivered and offers between 34-34.5 cents.
Large green lentils: Prices softened slightly to 60 cents per pound FOB (Free On Board) farm.
Small green lentils: Prices are stable at 53-54 cents per pound.
New crop markets: Quiet, with most buyers waiting until the new year. Early indications suggest prices for red lentils at 30 cents, large green at 47 cents, and small green at 45 cents per pound.
Peas:
Old green peas: Priced at $16.50-$17 for January-February movement.
Yellow peas: Priced at $10.50 per bushel FOB farm.
New green peas: Priced at $12.00-$14.00 per bushel, with no bids for yellow peas.
Export market: All exporters are awaiting the Indian government’s decision on trade.
Chickpeas:
Market volatility: Limited buyer volumes.
Old crop bids: At $0.40 per pound, with no bids yet for new crop.
US tariffs: Many buyers are waiting for the new year to assess the potential impact of new tariffs proposed by the US, which accounts for about 25% of Canada's chickpea exports.
Overall, the market seems to be in a holding pattern, particularly with the approach of the new year affecting various crop movements.