Canada agency sees 2017-18 chana avg prices down on high crop view.

Canada’s agriculture agency has lowered the average price view of chana or chickpeas for 2017-18 (Aug-Jul) on expectation of higher acreage and thereby higher output in 2018-19. Agriculture and Agri-Food of Canada’s April report has forecasted average prices of Canadian chana to decline to $1,070-$1,100 per tn from $1,120-$1,150 view in March. Average price forecast of Canadian chana in 2018-19 is estimated to decline to $1,000-$1,030 per tn on year. Output of chana in 2018-19 is estimated to rise to 145,000 tn from 92,000 tn in 2017-18. The agency has kept the price outlook for Canadian peas and masur unchanged from its March forecast. Peas price in 2017-18 is estimated at $240-$270 per tn, while for masur it is estimated at $480-$510 per tn. In 2018-19 average peas price is forecast at $220-$250 per tn, while that of masur is estimated at $455-$485 per tn.