News Capsule: Canada Pulse Market
29-Jan-2026 09:22 AM
News Capsule: Canada Pulse Market
Lentils
★ After showing marginal strength last week, the lentil market is currently range bound. Red lentil prices are holding around 24 cents per pound (delivered).
★ Trade activity in green lentils has increased in recent days. Large green lentils (#2 quality) are quoted at 25–26 cents FOB, x3 quality around 22 cents, while domestic buyers are active for #3 quality.
★ Small green lentils (#2) are trading near 20.5 cents delivered, although some deals have been seen as low as 17 cents FOB. Stocks of small green lentils in the country remain quite large.
★ New-crop prices have not seen any major change.
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Peas
★ The past week was quite volatile for the pea market. Due to tariff-related news and uncertainty, buyers moved quickly to assess the situation and secure supplies.
★ Green and yellow peas both recorded an overall increase of about 0.50 dollars per bushel. Yellow peas are trading at 7.50–7.75 dollars FOB farm, while #2 green peas (maximum 3% bleach) are trading around 10.50 dollars FOB farm.
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Kabuli Chickpeas
★ The chickpea market has shown some improvement over the past one and a half weeks. In the spot market, No.2 quality chickpeas have traded around 27 cents per pound (picked up on farm).
★ Local stocks in Canada remain large. Although exports are running above the five-year average, if export momentum slows, ending stocks could reach their highest level in nearly a decade.
★ Exports from Australia are increasing and need to be closely monitored. The United States remains a key market for Canadian chickpeas, but trade policy uncertainty there continues to pose a risk.
★ Preliminary new-crop bids are also being heard around 27 cents, though grower interest at these levels remains limited.