News Capsule: Canada Market
08-Jan-2026 11:26 AM
News Capsule: Canada Market
Peas
★ Market conditions remain largely unchanged even after the New Year. Buyers are cautious due to the lack of clear signals on import–export policies from China and India, which has led to slightly weaker prices across all varieties.
★ Yellow peas are trading around an average of $7.00/bu FOB, depending on location and freight. Green peas are in the range of $9.50–10.25/bu FOB, with low-moisture lots fetching higher prices in select markets. Maple peas are holding between $9.50 and $11.00/bu FOB, depending on quality.
★ Looking ahead to the 2026 new crop, acreage across all categories is expected to decline unless there is a meaningful improvement in end-user demand.
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Kabuli Chickpeas
★ The market continues to face pressure from ample supplies and weak demand in both Canada and the US. Prices slipped further toward the end of the last quarter, though on a global level this decline could help revive buyer interest in North American supplies.
★ #2 Kabuli chickpea prices have fallen to around $0.25/lb FOB farm. Larger sizes are still commanding a premium, but buying activity in this segment has also slowed in recent weeks. Sample and feed-grade chickpeas are trading between $0.08 and $0.15/lb FOB, depending on quality and damage levels.
★ Planting in Mexico has begun on a positive note. However, low rainfall conditions are being closely monitored, as any weather shift could directly impact production and future market prices.
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Lentils
★ The market remains sluggish, with prices hovering around or slightly below December levels. Large carryover stocks in both green and red lentils are making it difficult for prices to gain momentum.
★ Canadian lentils are facing stiff competition from other exporting countries where production has been strong or is expected to be strong. Lower prices have generated some buying interest and exports are continuing, but not at a pace sufficient to significantly reduce excess supplies.
★ As a result, a substantial reduction in pulse acreage is expected in the coming season. The largest decline is likely in small green lentils, followed by large green lentils and then red lentils.
★ Even with reduced acreage, it will take time for lentil prices to recover. Current price levels are as follows:
Large green lentils: 25–27 cents (delivered)
Small green lentils: 17–20 cents (delivered)
Red lentils: 21–23 cents (delivered)