Canada Pulses Market

06-Feb-2025 11:20 AM

Canada Pulses Market
Lentils:
★ Old crop prices remain stable, but there has been a slight softening in new crop prices this week.
★ Trump's tariff announcement hasn't had a direct impact on Canadian prices, but it caused U.S. buyers to retreat from bidding. The tariff news also affected logistics.
★ Old large green lentils (X2/1 grade) are priced at 60 cents per pound, and #2 grade at 58 cents per pound. New crop prices range between 47 to 49 cents per pound for #1 grade.
★ Old small green lentils are priced between 52 to 53 cents per pound, while new crop #1 grade is between 43 to 44 cents per pound.
★ Old red lentils are stable at 34 cents per pound, and new crop is between 30 to 31 cents per pound.
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Peas:
★ Potential U.S. tariffs continue to dominate the markets.
★ Canada exports limited quantities of peas to the U.S., with most exports going to China and India.
★ Old yellow pea demand remains uncertain, priced at $10.50 per bushel, but trade activity is slow. New crop prices are between $9.50 and $10.00 per bushel.
★ Old green peas are priced at $17.00 per bushel, and new crop prices are between $13.00 to $13.50 per bushel.
★ India has extended the pea import period until February 28; it remains to be seen if this period is further extended.