The pulse market in Canada has remained relatively stable throughout 2024, largely due to increased production of key pulses such as peas, lentils, chickpeas, and dry beans. According to Statistics Canada (Stats Can), production levels for these pulses saw significant improvements compared to 2023. Specifically:
- Peas production rose from 2.61 million tonnes to 3 million tonnes.
- Lentils production increased from 1.8 million tonnes to 2.43 million tonnes.
- Dry beans production improved from 339,315 tonnes to 424,141 tonnes.
- Chickpeas production surged from 159,100 tonnes to 286,768 tonnes.
These increases in production have contributed to a calm market with minimal fluctuations in pulse prices.
Pulse Price Trends in Western Canada (as of December 16, 2024):
- Layered Masoor: Prices ranged from 29.00 to 46.50 cents per pound at the lower end and 73.50 to 82 cents per pound at the higher end. On December 16, the price ranged between 39 to 63 cents per pound, depending on quality.
- Aston Masoor: Prices fluctuated between 23.00-39.50 cents per pound on the lower end and 64.50-80.00 cents per pound on the higher end.
- Richley Masoor: The price ranged between 34 to 55 cents per pound.
- Crimson Masoor: Prices ranged from 19-27 cents per pound at the lower end and 31 to 40 cents per pound at the higher end. A mixed trend was observed, with some areas showing a price decline of 0.5 cents, while others experienced an increase of up to 0.3 cents.
For French green lentils, prices have decreased from a high of 60 cents per pound to 40.5 cents per pound earlier in the year but have since recovered to 55.50 to 58 cents per pound, showing an increase of 11 cents. Kabuli Chana prices ranged from 21.8 cents per pound at the lower end to 57.8 cents per pound at the higher end.
Overall, the pulse market in Canada remains calm with limited price volatility due to the increased production of pulses and stable market conditions throughout the year.
