By Commodity News Service Canada
Winnipeg, Jan. 12 – Following are a few highlights in the Canadian and world pulse markets on Tuesday, January 12.
– AGT Food and Ingredients has been given a consensus ‘buy’ rating by seven companies following the Saskatchewan-based pulse processor, according to reports.
– Bean grower groups in North Dakota and Minnesota are applauding a move by the USDA to purchase US$14.5 million worth of pinto and Great Northern beans for domestic food aid programs. The Northarvest Bean Growers Association and North Central Bean Dealers Association requested the purchase as good crops in Mexico have hurt US bean exports and prices.
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– While Mexico is still sitting on ample supplies from the last harvest, current conditions are looking less favourable for the developing crops, with freezing temperatures in some key northern dry bean growing regions reported in recent days.
– Green pea prices in the C$8.80 to C$9.50 per bushel range are being reported in Western Canada. Meanwhile, yellow peas are moving higher, with bids as high as C$12.50 per bushel now reported in some locations. Red lentil bids as high as 57 cents per pound are being reported in some locations, while number two large green lentils are now hitting prices as high as 68 cents and number ones have topped 71 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.
