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Lentils

(Serts/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Lentil values mainly steady

'There’s no fire in the lentil belly, that’s for sure'

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MarketsFarm — There hasn’t been much change in lentil prices over the last week and at least one marketer expects there likely won’t be any when it comes to the amount of lentils that Canadian farmers plant in 2021. “[Lentil prices] are just softer than what they were. There’s no fire in the lentil belly, […] Read more
(Serts/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Turkey’s record-level lentil imports expected to decrease

Country's domestic acreage expected up in 2021

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MarketsFarm — Canadian lentil exports to Turkey reached unprecedented numbers in 2020. According to Statistics Canada data, Turkey imported 534,160 tonnes worth $355 million during the calendar year, making it the second-largest buyer of Canadian lentils behind India. Last year’s total nearly equalled the amount of lentils Canada exported to Turkey over the previous three […] Read more
Red lentils. (Photo courtesy U.S. Dry Pea and Lentil Council)
Crops, Lentils, Markets

Pulse weekly outlook: Lentil prices increase

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MarketsFarm — Lentil prices have been increasing over the last week, making gains of one to five cents per pound depending on the type, according to Prairie Ag Hotwire. “There’s a huge demand on everything right now. The lentil market is strong just like the yellow peas,” Allan Johnston, president of Johnston Grains at Welwyn, […] Read more
Harvested Saskatchewan lentils. (Bobloblaw/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Canada’s lentils face competition

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MarketsFarm — Acreage and production of lentils in Canada are expected to mostly remain the same for the 2021-22 crop year. While strong demand during the COVID-19 pandemic has bolstered prices over the past year, increased production from competing exporters may cut into that buying interest going forward. Elyce Simpson Fraser, senior vice-president of Simpson […] Read more
(Serts/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Export demand supports lentils

India set to extend current tariff reductions

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MarketsFarm — Lentil prices in Western Canada saw a counter-seasonal rally at the end of harvest and are likely to sustain that rally into winter. “Prices are going to keep going higher,” Darcy Barie, a commodity buyer with Verdient Foods at Vanscoy, Sask., said. Ahead of the 2020 harvest, red lentils were around 24 cents/lb. […] Read more
Green lentils. (Alexey Shipilov/iStock/Getty Images)
Crops, Lentils, Markets

Pulse weekly outlook: Tight supplies push up green lentil prices

Summer exports 'unusually good'

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MarketsFarm — Prices for green lentils in Western Canada have been on the upswing, with Lairds rising by between six and 12 cents/lb. “The summer exports were unusually good and are going fairly well right now,” said Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “People are realizing overall green lentil supplies, primarily in […] Read more
(4loops/iStock/Getty Images)
Crops, Lentils, Markets, Peas

Pulse weekly outlook: Peas, lentils see some strength

Lentil trade watching India

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MarketsFarm — Canadian pea and lentil markets have shown some post-harvest strength in recent weeks, with good offshore demand providing support. “On the yellow pea side, it’s China, and on lentils, it’s basically India,” Marcos Mosnaim, of Globeways Canada, said of the strength in both markets. Yellow peas are currently trading as high as $7.50 […] Read more
(Lentils.ca)
Crops, Lentils, Markets

India restores reduced tariff on lentil imports

All but U.S. lentil imports to get better break on duty, again

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India has reinstated a reduced-rate tariff on imports of lentils from Canada as well as from all lentil-exporting nations other than the United States. Saskatchewan Pulse Growers on Friday reported receiving a Sept. 17 notification of amendment from India’s finance ministry regarding customs tariffs on lentils, which in Canada’s case had snapped back to 33 […] Read more

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