Canada Pulse Market

27-Mar-2025 05:17 PM

Canada Pulse Market
Lentils
★ The downward trend continues in the pulse market, with softness in both old and new crop deals.
★ Old crop large green lentils are trading at $0.52–$0.53/lb (FOB farm), while small green lentils are at $0.46–$0.47/lb. Small red lentils are priced around $0.30/lb.
★ For the new crop, large green lentils are trading at $0.45/lb, small green lentils at $0.38/lb, and small red lentils at $0.27–$0.28/lb (FOB farm).
★ New crop contracts typically include 10 bushels/acre with delivery scheduled between September and December.
★ The lentil market has been under continuous pressure in recent weeks, and it remains to be seen whether this trend will persist or stabilize. For now, there are no strong signs of price recovery in the near future.
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Chickpeas
★ The chickpea market remains stable, with higher demand for larger sizes.
★ There have been no significant price changes this week. Buyers are interested in purchasing but remain selective about size and quality.
★ Old crop prices range from $0.30 to $0.33/lb (FOB farm), with the higher prices being offered for premium 9mm or larger chickpeas. However, securing higher prices for smaller chickpeas remains difficult.
★ New crop contracts are in the $0.30/lb range.
★ The upcoming crop is expected to have better quality.
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Peas
★ The market remains sluggish, with slow trading activity.
★ Some buyers have offered $16.00/bushel for #2 green peas, suggesting demand exists beyond the Chinese market.
★ Yellow peas are trading between $9.50 and $10.00/bushel for April-May delivery.
★ According to StatsCan, pea acreage is expected to increase for the 2024–25 crop year, leading to higher stocks and weaker export prospects. Until ongoing trade disputes are resolved, the market remains in a wait-and-watch mode.