By Commodity News Service Canada
Winnipeg, Feb. 23 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Tuesday, February 23.
– The latest weather forecasts are calling for normal rainfall in the northern and western regions of India in March, while southern reaches of the country may continue to see less than normal moisture.
– Local pulse prices in India remain relatively expensive, but have eased somewhat off of their highs of the past year, according to a report from the country’s department of consumer affairs.
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– Researchers at the Colorado State University have developed a new upright variety of pinto bean, Long’s Peak, that will allow for an easier harvest.
– Green pea prices in the C$8.50 to C$9.50 per bushel range are being reported in Western Canada. Meanwhile, yellow peas remain strong, with bids as high as C$14.25 per bushel reported in some locations. Red lentil bids as high as 54 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 71 cents and number ones have topped 76 cents at some locations.
– Chickpea prices in Western Canada also remain strong, with large caliber Kabulis’s trading as high as 46 cents per pound.