Lentil prices on the Canadian Prairies eased back during the week ended July 28, said Levon Sargsyan, broker with Johnston’s Grain. Sargsyan noted that’s due to the recent rains that brought relief to some of the dry areas of the region.
As pulse crops across the country continue to develop, Agriculture and Agri-Food Canada updated its estimates for dry peas and lentils. AAFC issued its July supply and demand report on July 21.
The onset of India’s annual southwest monsoon is expected over the next four-to-five days, which would make for the earliest start of the rainy season since 2009 and sets the stage for good crop production going forward.