No 1 Red Lentil Grower Price Review in Canada

VANCOUVER - Aug 1/16 - STAT -- Canadian No 1 Red Lentil markets finished the 2015-16 marketing year with prices offered to growers rocketing 34% above the recent three year average annual price offered to growers in that country.

The average price paid for No 1 Red Lentil was CDN$46.69 per 100 pounds (cwt), compared to an average annual bid of $34.72 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 $57.00 per cwt in December, while the lowest monthly average bid level was $36.00 per cwt in September.