For the month of May, a bearish tinge hung over the head of lentils prices. Again.
Compared to Aprik, lentils prices basically haven’t changed. Red lentils prices are hanging on at around 17 cents CAD per pound. Also stable is that medium and small green lentils prices are hovering around 23.5 and 24 cents CAD per pound respectively. However, some green lentils prices saw losses of more than a cent per pound in a few areas.
On the movement front, the market is fairly stagnant (and hence lentils prices not really moving). With India out of the market, both Canadian farmer deliveries and exports in the 2017/18 crop year are well behind last year’s pace, both 2017/18’s farmer deliveries and exports of lentils are well behind last year’s pace.
The Lentils GrainCents Weekly Lentils Digest reported that lentils supplies in major growing regions of the world such as North America and India are expected to be heavy going forward.
Also discussed for Lentils GrainCents subscribers:
- India’s import quota licensing system for pulses,
- The potential size of the 2018/19 US lentils crop;
- A rising market in Ethiopia for lentils, and
- A record production year for India in 2017/18
And of course, we reported on the dry weather conditions across Western Canada.
Be sure to sign up for your free 3-week trial at GrainCents as this month could be the most impactful for how and when you price your lentils for the rest of 2017/18 old crop, as well as a significant portion of your 2018/19 new crop production.