News Capsule: Canadian Pulse Markets Remain Steady as Focus Shifts to New Crop Sales
05-Jun-2026 08:58 AM
News Capsule: Canadian Pulse Markets Remain Steady as Focus Shifts to New Crop Sales
★ Canadian pulse markets remained relatively stable this week, with prices for chickpeas, lentils, and peas showing little change. As the arrival of the new crop approaches, both growers and traders are increasingly focused on forward sales and inventory management. While lentil prices continue to face pressure from ample global supplies, pea markets have shown modest improvement.
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Chickpea Market Stable, New Crop Pricing Attractive
★ Spot chickpea prices for June–July movement continue to hover around US$0.27 per pound FOB farm. Buyers remain focused on larger-sized product, while limited volumes of high-green-count chickpeas are moving into the feed market.
★ New-crop chickpea bids are also available at approximately US$0.27 per pound FOB farm. With harvest approaching, demand for off-spec chickpeas is expected to weaken significantly. As a result, growers may benefit from moving old-crop inventories before new supplies enter the market. Chickpea stocks in Canada are still considered adequate.
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Global Supply Weighs on Lentil Market
★ The lentil market continues to be influenced by comfortable global supplies. Lower production in India may provide some support to demand, but increased output from Turkey and other producing countries is expected to keep overall availability strong.
★ Large green lentils are currently trading at US$0.23–0.24 per pound, while red lentils are valued at US$0.25–0.255 per pound. Market analysts suggest that unless weather problems affect India’s upcoming kharif crop, the potential for a major rally in lentil prices remains limited. Large carryover stocks of green lentils in Canada are also contributing to market pressure.
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Pea Prices Improve Slightly as Seeding Nears Completion
★ Pea seeding across most Canadian growing regions is nearing completion, with favorable weather helping growers make rapid progress.
★ Yellow pea bids have improved to US$8.00–8.50 per bushel FOB farm, while green peas are trading between US$9.00 and US$9.50 per bushel. Certain maple pea varieties are attracting bids near US$11.00 per bushel.
★ Despite the recent improvement, market participants note that Canada’s ample pea supplies will require stronger demand to support any significant price gains.
★ Overall, the Canadian pulse market remains balanced. Attractive forward pricing is encouraging chickpea sales, while abundant global supplies are likely to keep lentil and pea prices within a relatively narrow range. In the coming months, India's kharif crop performance, Canadian growing conditions, and international demand trends will be key factors shaping market direction.