News Capsule: Canada Pulse Market: Supply Pressure Persists, Red Lentils Stay Firm
02-Apr-2026 02:55 PM
News Capsule: Canada Pulse Market: Supply Pressure Persists, Red Lentils Stay Firm
★ The global pulse market continued to show a balanced yet pressure-driven trend this week. While peas and green lentils remain under pressure due to ample supplies, red lentils are witnessing firm demand and better price support.
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Pea Market
★ The reopening of Chinese demand has provided some support to yellow peas; however, large carryover stocks are limiting any significant upside.
★ Prices are as follows:
★ Old crop yellow peas: $8.50/bu (₹2,550–2,650/quintal)
★ New crop peas: $7–8/bu (₹2,100–2,450/quintal)
★ Green and maple peas have seen only limited improvement, with overall supply still high, keeping market pressure intact.
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Kabuli Chickpea Market
★ The chickpea market remains stable, but trading activity is slow.
★ Old crop Kabuli chickpeas: $0.26–0.27/lb (₹4,700–4,900/quintal)
★ New crop chickpeas: $0.25–0.26/lb (₹4,500–4,700/quintal)
★ Large carryover stocks and cautious buying are preventing any major price rally. However, lower acreage intentions may provide support in the longer term.
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Lentil Market
★ Red lentils strengthened this week with active buying interest.
★ Red lentils: $0.26/lb (₹4,700–4,800/quintal)
★ In contrast, green lentils (both large and small) remain weak with limited demand and stable pricing. Heavy on-farm stocks are raising concerns about selling and logistics bottlenecks.
★ High inventories are pressuring prices
★ Long storage increases the risk of quality deterioration (discoloration)
★ Limited upside is expected before the arrival of the new crop
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India Impact
★ Recently, India has extended the import policy for yellow peas by one year until March 31, 2027.