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Pulse weekly outlook: AAFC forecasts larger dry pea, lentil crops  

Dry pea prices have seen gains over the week; lentils steady to higher

Agriculture and Agri-Food Canada forecasted increases in the production of dry peas and lentils for the 2024/25 crop year compared to those in 2023/24. AAFC issued its first supply and demand report for the calendar year on Jan. 22, which included the department’s preliminary estimates for the coming crop year. The data was not based on farmer surveys or satellite models. 



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Crop revenue ‘mowed down’ by falling prices

Producers can expect a profitability pinch compared to last year

Glacier FarmMedia – Last year was the most expensive crop to ever be planted on the Prairies. In 2024, farmers will spend less on fertilizer, diesel and other inputs, but costs are only marginally lower, said Darren Bond, a farm management specialist with Manitoba Agriculture, “The crop this year … the cost of putting in

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How El Niño threatens emerging market economies

Significant changes to rainfall, or prolonged droughts, could also impact hydropower output, boost food, fuel prices

London | Reuters – Countries around the world are battling heatwaves and floods fueled by El Niño, a naturally occurring climate phenomenon that has a 90 per cent probability of persisting in the second half of 2023, according to the World Meteorological Organization. The worldwide impact can be enormous, but the stakes are higher for