Canadian Pulses Market: Peas

12-Dec-2024 10:24 AM

Canadian Pulses Market: Peas
Market Sentiment:
The recent Stats Canada report had little impact as stakeholders await a decision from the Indian government regarding import extensions.
Indian Market Dynamics:
Canadian experts suggest that India has sufficient pea stocks, and falling prices of other pulses may dissuade an extension of the pea import deadline beyond December 31, 2024.
Current Prices:
Yellow peas: $10.5–11/bushel FOB farm.
Green peas: $16.5–17/bushel FOB farm.
Export Trends:
As the import deadline approaches, export deals from Canada are decreasing.
Canadian Lentil Market: Stability Observed
Current Pricing:
Red lentils: 32.5–33.5 cents/bushel FOB farm.
#2 Large green lentils: 58–60 cents/bushel FOB farm.
Small green lentils: 53–55 cents/bushel FOB farm.
New Crop Trends:
Limited activity in new crop deals:
Small green lentils: ~45 cents.
Large green lentils: ~47 cents.
Market Insights:
The approaching Indian import deadline is a significant factor for Canadian peas, influencing exports and market sentiment.
Lentil prices remain stable with relatively limited new crop activity, reflecting balanced supply-demand conditions.