Pulse weekly outlook: Pulse acres on downswing

CNS Canada — Pulse prices in Western Canada showed some movement during the week ended Tuesday, but mostly hung rangebound as India’s import restrictions on Canadian pulses continued to hold the market in check.

Yellow peas fell 25 cents to a range of $5.75 to $7 a bushel. Green peas held steady at $7.50-$8.50 a bushel.

Laird X3 lentils in Western Canada rose five cents/lb. over the past week, according to the latest information from Prairie Ag Hotwire. Prices are listed at 17.5 to 24 cents/lb.

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Pulse acres in Canada look to be on the downswing this year. According to numbers from Agriculture and Agri-food Canada, canola, barley, oats and all-wheat acres are forecast to rise. Both peas and lentils are expected to decrease.

Pea acres in 2018-19 are pegged at 3.2 million acres, which compares to the 4.1 million planted last year. Lentils are expected to fall by 1.2 million acres to a total of 3.2 million.

Chickpea flour continues to experience global growth. By the end of 2026, the global chickpea flour market is estimated to generate US$5.2 billion in revenue, according to a report by Future Market Insights. That includes both kabuli and desi chickpea flour.

Kabuli chickpeas (10 mm) fell one cent to a range of 73 to 74 cents/lb.

— Dave Sims writes for Commodity News Service Canada, a Glacier FarmMedia company specializing in grain and commodity market reporting.

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Dave Sims writes for Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting. Dave has a deep background in the radio industry and is a graduate of the University of Winnipeg. He lives in Winnipeg with his wife and two beautiful children. His hobbies include reading, podcasting and following the Atlanta Braves.

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