SIGN IN | CREATE INSIDER ACCOUNT
Lentils Riding High PDF Print E-mail
Written by Neil Billinger - 600 Action News-Local First   
Wednesday, 25 November 2009
Image

One of the few bright spots in agriculture these days is the lentil market.

Prices have jumped 10 cents a pound since late October.  Number one large green lentils are selling for 37 cents a pound.  Red lentils are sitting at 35 cents for December delivery.

Toby Torkelson with Rayglen Commodities says processing plants are running at 100 per cent capacity and well booked forward.

The higher prices are being powered by significant demand from India.  Jeff Jackson is in Sales and Marketing for Wigmore Farms.  He says the monsoon season has been less than spectacular . . . with moisture levels down about 20 per cent.  India has started a tendering program and Jackson says "Canada is the only destination with green lentils for the world to come to."

Trackback(0)
Comments (0)add comment

Write comment
smaller | bigger
 

busy
Last Updated ( Wednesday, 02 December 2009 )
 
< Prev   Next >