Canadian Market Update

05-Apr-2025 12:39 PM

Canadian Market Update
Lentils
★ Prices remained mostly unchanged compared to last week.
★ It’s becoming difficult to determine prices for old crop small and large green lentils, making new sales challenging for buyers.
★ Acreage for new green lentils is expected to increase, especially for small green lentils.
★ Red lentil acreage may decline due to lower prices compared to other varieties.
★ According to StatsCan, total lentil acreage may slightly exceed 4 million acres.
★ Some farmers may shift from peas to lentils to avoid tariffs.
★ Import duties imposed by India have had minimal impact on the market.
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Peas
★ The pea market remains stagnant for now.
★ Pea acreage in Canada is expected to be slightly lower than earlier projections. Without a rise in international demand, there could be a surplus in the 2025–26 season.
★ A decline in U.S. pea production may increase import demand from Canada.
★ Yellow peas are holding at around $10.00 per bushel (delivered), but there are no bids for the new crop.
★ Old crop green peas are trading at $16.00 per bushel (FOB), while new crop prices range between $12.50 and $13.50 per bushel.
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Kabuli Chickpeas
★ While tariffs have impacted other crops, trade in chickpeas remains strong. Both small and large sizes are seeing active buying and selling.
★ Old crop chickpeas are trading at around $0.30 to $0.33 per pound (FOB farm), while in the U.S., prices are around $0.20 per pound.
★ An increase in new crop planting is expected.