Firm Undertone in Chickpeas
PANAMA - Jul 3/20 - SNS -- Chickpea markets maintained their firm tone through the past week, helped by reports seeded area in Argentina is down substantially this year.
Shortages of large caliber product is expected to remain an issue until the first half of 2021 because of lower available supplies in Mexico and India.
This has added some support to medium caliber markets, which are also looking a reduction in total area in Canada and the United States. The USDA and Statistics Canada pegging combined area at 602,000 acres, down from 843,000 last year and the record 1.3 million sown in 2018.
No Surprises in Lentil Numbers
PANAMA - Jul 3/20 - SNS -- International lentil markets were not surprised by seeded area reports released during the week by the USDA and Statistics Canada.
Land in all classes of lentils is expected to jump from 3.78 to 4.233 million acres in Canada, while U.S. farmers only increased area 1% to 492,000 acres. The modest change in U.S. plantings reflected reduced interest in planting green lentils this year.
All the increase in Canada was in red lentils, with its share of total area jumping from 62% last year to 69%. Solid demand for red lentils and higher average prices for all classes after February encouraged farmers to abandon their initial intention to modestly reduce plantings.
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