Glacier FarmMedia – Lentil prices held firm over the last week across Western Canada, according to Prairie Ag Hotwire.
That lack of price movement is quite normal, according to Marcos Mosnaim, field crop trading manager for Export Packers.
“For lentils it’s not uncommon to see prices to be steady,” Mosnaim commented.
“If you look at the history, it’s not like every week there’s going to be a change in prices,” he added about lentils, noting firm prices is helpful to the industry.
Read Also
U.S. again halts cattle imports from Mexico over flesh-eating screwworms
The flesh-eating livestock pest New World screwworm has advanced closer to the U.S. border with Mexico, the U.S. Department of Agriculture said, prompting Washington to block imports of Mexican cattle just days after it allowed them to resume at a port of entry in Arizona.
“And prices are high enough,” he quipped.
Lairds were among those lentils that remained steady over the last week. Prairie Ag Hotwire listed them at 60 to 75 cents per pound delivered depending on the size, as of Feb. 5. Also holding firm were Estons at 51.5 to 66 cents/lb., as well as Richleas at 50 to 73, and Crimsons at 25 to 37.5.
The sole outlier was Eston lentils, having nudged up a penny per pound at 51.5 to 66 cents/lb. delivered.
Mosnaim stressed that lentil prices will eventually fluctuate, but that this time the amount of lentils moving in the marketplace has not been that large.
He said that could include different reasons, such as farmers hanging on to their lentils or a lack of export demand.
— Glen Hallick reports for MarketsFarm from Winnipeg.
