STAT Communications Ag Market News

No 2 Red Lentil Grower Price Review in Canada

VANCOUVER - Aug 1/17 - STAT -- Canadian No 2 Red Lentil markets finished the 2016-17 marketing year with prices offered to growers falling 21% below the recent three year average annual price offered to growers in that country.

The average price paid for No 2 Red Lentil was CDN$29.18 per 100 pounds (cwt), compared to an average annual bid of $36.94 during the latest three year period for farmers dressed merchandise delivered processing plants.

Analysis of the monthly bid pattern reveals growers the highest monthly average bid was $34.60 per cwt in November, while the lowest monthly average bid level was $24.40 per cwt in March.

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