Pulses: Plant protein demand rising

By Commodity News Service Canada

Winnipeg, Feb. 24 (CNS Canada) – Following are a few highlights in the Canadian and world pulse markets on Wednesday, February 24.

– Local pulse prices in India remain relatively expensive, but have eased somewhat off of their highs of the past year, according to reports out of the major pulse buying country.

– Demand for plant-based protein sources – such as peas and lentils – is strong and rising, according to a recently published report from Packaged Facts entitled “Food Formulation and Ingredient Trends: Plant Proteins.”

– 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$14.50 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.

---

Newsletter Sign Up - Receive Grainews articles delivered right to your inbox!

From choosing the right herbicide to buying and maintaining machinery -- the ultimate resource for help managing your grain or integrated farming operation

Your Email(Required)

Your Postal Code(Required)

Consent

I consent to receiving emails from Glacier FarmMedia, its affiliates and divisions and third parties, containing agriculture news, updates and promotions. I can unsubscribe at any time

Phone

This field is for validation purposes and should be left unchanged.