Canada agency sees ’17-18 avg masur price dn on lower India imports

Canada’s farm agency has lowered its forecast for the average price of masur or lentils for 2017-18 (Aug-Jul) because of a fall in demand of the pulse from key consuming countries and higher carry-over stocks. The May report of Agriculture and Agri-Food of Canada sees average prices of masur declining to $470-$500 per tn from $480-$500 per tn seen in April. Carry-over stocks in 2017-18 are estimated to rise to 900,000 tn from 315,000 tn in 2016-17. Prices of the masur are also seen declining in 2018-19 to $420-$450 per tn despite a lower output forecast. The average price of Canadian chana is also forecast to decline to $1,030-$1,060 per tn in 2017-18 from $1,070-$1,100 per tn forecast in April. Average prices are expected to decline due to forecast of higher acreage and production in 2018-19. However, pea prices are estimated to remain unchanged at $240-$270 per tn in 2017-18 as against the April forecast. However, average prices are estimated to fall in 2018-19 to $220-$250 per tn.