Canada Pulses Market Update
11-Jul-2025 08:19 AM
Canada Pulses Market Update
Peas
★ According to StatsCan, pea acreage in Canada is up 9% from last year. Both green and maple peas have seen notable increases compared to previous years.
★ The pea market is currently in a slowdown phase, with old crop and new crop prices starting to converge.
★ Yellow peas (old & new crop):~ $9.00/bu (picked up)
★ Green peas: old crop ~ $16.50–$17.00/bu (delivered), new crop~$13.00/bu (picked up)
★ Maple peas: both old and new crop prices remain steady at ~$12.00–$13.00/bu (picked up)
★ India still holds significant pea stocks and current domestic prices are low, reducing the likelihood of import demand in the near term.
★ China also isn’t showing interest in feed peas, as corn and soymeal feed prices remain low.
★ Meanwhile, Russian pea prices into China continue to drop, limiting optimism for Canadian pea exports.
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Lentils
★ StatsCan has revised its lentil acreage estimate upward by 200,000 acres to 4.38 million—around 4% more than last year.
★ Large green lentils have jumped from 1.11 to 1.44 million acres
★ Small greens are up 44%, from 457,000 to 691,000 acres
★ Red lentil acreage is down from 2.56 to 2.14 million acres
★ As of last week, 59% of lentil crops are rated good to excellent, compared to 62% this time last year.
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Pricing:
★ Red lentils (old & new crop): ~$0.28/lb FOB
★ Small green lentils:~$0.34/lb FOB
★ Large green lentils: ~$0.38–$0.40/lb FOB
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★ Low Tuar (pigeon pea) prices in India are discouraging green lentil imports, and red lentil demand remains soft.
★ Currently, the lentil market remains mostly flat.
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Kabuli Chickpeas
★ Kabuli chickpeas saw bearish news this week.
★ Acreage seeded is reported to be the highest since the 2001/02 production year.
★ With decent yield prospects and strong carryover, prices may stay under pressure for a while.
★ In Saskatchewan, 72% of crops are rated good to excellent (15% above 10-year average)
★ In Alberta, 53% are rated good to excellent (slightly below average)
★ Exports remain steady, with Pakistan as the main buyer, largely due to competitive prices.
★ Producer bids have been flat for several weeks, with more focus now on offers. For details, contact your buyer.