Western Canada produced a greater proportion of 8-mm Kabuli chickpeas in its 2024-25 chickpea crop than in other years, which may lead to a price gap between eight mm and nine mm chickpeas on the market.
The demand for lentils has backed off lately due to high prices, said trader Marcos Mosnaim of Prairie IX in Toronto. He said the direction lentils take will largely depends on India.
An expected increase in Canadian lentil and pea exports in 2024/25 is unlikely to result in higher prices, as increased production should cause the stocks-to-use ratios to widen.
Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
An ongoing dispute between Canada and India involving the assassination of a Sikh man on Canadian soil has Canada's lentil market fearing that one of its largest trading partners may shut its doors to the pulse.
Prices for green lentils were steady to higher for the week ending Sept. 27, according to Prairie Ag Hotwire. A broker credited increased foreign demand.
Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.