No 3 Red Lentil Grower Price Review in Canada

VANCOUVER - Aug 1/16 - STAT -- Canadian No 3 Red Lentil markets finished the 2015-16 marketing year with prices offered to growers rocketing 42% above the recent three year average annual price offered to growers in that country.

The average price paid for No 3 Red Lentil was CDN$35.69 per 100 pounds (cwt), compared to an average annual bid of $25.16 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 $45.25 per cwt in December, while the lowest monthly average bid level was $29.00 per cwt in July.