VANCOUVER - Aug 3/20 - STAT -- Canadian No 1 Red Lentil markets finished the 2019-20 marketing year with prices offered to growers soaring 16% 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$23.75 per 100 pounds (cwt), compared to an average annual bid of $20.47 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 $31.00 per cwt in June, while the lowest monthly average bid level was $16.81 per cwt in September.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.