Source: MarketsFarm, Phil Franz-Warkentin, Producer.com, January 7, 2020
Winnipeg, (MarketsFarm) – The red lentil market in Western Canada is seeing some life to start the New Year, with the improved bids creating some marketing opportunities.
“Green lentil prices have been steady since the end of 2019, but red lentils are the one that’s jumped,” said Kevin Silzer, vice president with Rayglen Commodities in Saskatoon, Sask., noting that red lentil prices improved by about two cents per pound over the holiday period.
Spot demand from Turkey and expectations for increased demand going forward accounted for the higher bids, according to Silzer.
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