MarketsFarm — Price movement for most western Canadian lentils held narrowly rangebound for the week ended Monday. Prairie Ag Hotwire reported most prices remained one cent per pound of unchanged.
To Marcos Mosnaim of Export Packers, there were two central reasons for such sparse movement in lentils.
“On one side… I will say the lack of participation by farmers,” he said, noting those growers were holding back product.
The other factor Mosnaim cited was lacklustre demand at this time, although he said that from India was strong.
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Mosnaim cautioned, however, that the situation could be different with other companies.
“Our company doesn’t see a huge demand that other companies are seeing because they go to different markets,” he said.
Otherwise, he said, the lentil market was rather “hand to mouth.”
Prairie Ag Hotwire reported No. 1 and 2 Laird lentil dipped one cent, while the No. 3s and X3s edged up by the same amount. Altogether, prices across the region were 52.5-65 cents/lb. delivered.
Eston lentils were unchanged regardless of size, with prices at 48.5-60 cents/lb.
Most of the Richleas bumped up a penny, except for the No. 1s; prices ranged from 49 to 62 cents/lb.
Crimsons were steady to lower, as its No. 1s and 2s were unchanged while No. 3s and X3s eased back by 0.3-1.5 cents/lb.
The French No. 1s were the outlier in the market, experiencing an uptick of four cents at 56-60 cents/lb.
— Glen Hallick reports for MarketsFarm from Winnipeg.
