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Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Peas

Pulse weekly outlook: Manitoba growers not worried about Merit situation

Pea, canola protein processor in receivership

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MarketsFarm — After Manitoba-based plant protein processor Merit Functional Foods went into receivership last Wednesday, Manitoba Pulse and Soybean Growers (MPSG) executive director Daryl Domitruk said it is not a microcosm of the province’s pulse industry. Domitruk said MPSG learned about Merit’s financial situation through the media. He also added that some Manitoba pea growers […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Merit Foods stakeholder looking to buy company

Burcon 'actively engaged' with company's receiver

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One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Plant protein processor Merit Foods in receivership

Company owes $95 million to EDC, FCC

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The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in […] Read more
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: AAFC report makes minor changes

Revisions mainly in dry peas, chickpeas

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MarketsFarm — Following the latest supply and demand estimates from Agriculture and Agri-Food Canada (AAFC), MarketsFarm Pro analyst Mike Jubinville said their numbers “all seem reasonable enough.” There were only a handful of small tweaks to pulses in the AAFC report released Friday. For the most part, the revisions came with dry beans and chickpeas. […] Read more
Humanitarian aid provided by Palestinian Arabs is distributed at northwestern Syria’s Deir Ballut and Muhammadiyah camps near the Turkish border on Feb. 13, 2022. (Photo: Rami Alsayed/NurPhoto via Reuters)
Crops, Markets, Pulses

Pulse weekly outlook: Earthquake to have little effect on pulse markets

Such disasters don't often blow back on agrifood commodity costs

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MarketsFarm — The earthquake that devastated parts of Turkey and Syria on Monday last week, taking the lives of more than 40,000 people, may not have a major effect on pulse markets, according to one analyst. Jon Driedger from Leftfield Commodity Research in Winnipeg said that while natural disasters like an earthquake can take on […] Read more
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

China top destination for Canadian grains, oilseeds

CGC data points to key destinations

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MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to […] Read more
Yellow peas. (Victoria Popova/iStock/Getty Images)
Crops, Markets, Peas

Pulse weekly outlook: New Year’s pressure drags on North Dakota peas

Pea prices relatively higher north of border

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MarketsFarm — Pea prices in North Dakota have been feeling pressure from the New Year, according to Landon Lechler of Beach Co-operative at Beach, N.D., about 360 km south of Weyburn, Sask. Besides the turning of the calendar New Year, Lechler said the upcoming Chinese New Year has slowed export demand for yellow and green […] Read more
Lentils. (Seb_ra/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Tightening Canadian lentil stocks expected

Pea ending stocks more comfortable

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MarketsFarm — Carryout stocks of Canadian lentils could tighten to their smallest level in seven years by the end of the current 2022-23 marketing year, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. While lentil production of 2.3 million tonnes was up by 44 per cent from the drought-stricken 2021-22 crop, expectations for […] Read more

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