Pulse weekly outlook: Lentils remain steady for now
Eston lentils the sole outlier, nudging up a penny per pound
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File photo of lentils being moved into bins in Saskatchewan. (Bobloblaw/iStock/Getty Images)
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.
“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.
