Canada Pulses Market

28-Nov-2024 10:11 AM

Canada Pulses Market
The Canadian pulses market is currently experiencing a mix of stability and volatility across different categories:
Lentils:
Market Stability: The prices of lentils have remained stable compared to the previous week.
Red Lentils: Trading at 33-34 cents per pound FOB (Free on Board) farm.
Large Green Lentils: Trading at 61-62 cents per pound.
Small Lentils: Trading at 53-55 cents per pound.
Competition: Canada is facing increased competition from Australia in the lentil market, which could impact Canadian exports.
Export Outlook: Canada's lentil exports to India are expected to decline this year compared to the previous year.
Kabuli Chana (Chickpeas):
Market Stability: The prices of Kabuli Chana remain stable this week compared to last week.
Market Challenges: The market is experiencing some turbulence due to news of the U.S. imposing a 25% tariff on Canadian products, which could affect trade dynamics.
Peas:
Price Volatility: The prices of peas, particularly yellow peas, are under some pressure due to the approaching import deadline in India.
Yellow Peas: Trading at $10.5-11 per bushel FOB farm.
Green Peas: Trading at $16.5 per bushel.
In summary, while the overall pulse market in Canada is relatively stable, there are some pressures and challenges, particularly in the lentil and pea sectors, due to international competition and trade issues.