price fixing

[pilpilsner]

Has anyone heard why aussie lentil prices are so high and ours so low.

Or do i have to take a wild guess why big AL Kalib profits were so big.

Is stat pub putting a top on our prices?

Wish there were a few lawyers working on this to put my mind at ease.

[gustgd]

Any hints @ what Aussies are getting?

One thought is that they are 1 hr drive from port no rail freight. As well, closer to markets = same landed price.

Don't get me wrong I'm sure SaskCans profit margins are healthy their share price indicates that.

[gustgd]

from Lwebers daily BASF deal

Canola contracts finished Wednesday mainly higher with strength associated with the advance exhibited by the Chicago Board of Trade soybean complex, market watchers said. Activity was on the lighter side as a number of market participants took to the sidelines to await Thursday's updated supply/demand tables from the USDA. Much of the domestic interest in canola came from processors located in western Canada and in response to very profitable crush margins , brokers said. There were an estimated 13,541 canola contracts traded during Wednesday's session, down from 16,512 during the previous session. (DJ) Basis levels at every crush plant should be positive and they are not. I taped Market Prospects yesterday and my response to crush margins will generate some hate mail. If the CWB was scalping an extra $50.00 - $75.00 a tonne, right wing farm groups would cry for heads to roll. And where is the NFU? Analysts with grain company revenue say nothing as they won’t bite the hand that feeds them. 4,000,000 MT with an extra $50.00/MT is $200,000,000 - perhaps the Frontier Center needs to put that in their calculator and news releases. It starts and ends at the farm - too many forget that. In 2010/11 when canola crush demand is 50% higher than it is today, farmers will have the burdizzos and hopefully won’t be afraid to squeeze.

[LWeber]

What are the Aussies getting pilly?

[charliep]

Hopefully Malleefarmer can help me out but a Aussie lentil price I see quoted is about Aussie $1100/tonne or cdn $970/tonne (44 cents/lb if that works better). Likely red lentils. Statpub quote reds (#1) is 36 to 42 cents/lb. Lot different freight Aussie to India versus central Saskatchewan. Also have to look at all quality specifications when commenting.

Have to check what others are hearing.

[pilpilsner]

Am i the only one that heard a while ago it was possible to ship lentils from canada to austrailia,unload,re process them and sell at a profit?

[charliep]

Quote out of profarmer australia.

Source: http://www.weatherzone.com.au/agriculture/story.jsp?
id=11621

Lentil exports strong
Profarmer Australia, Friday April 3, 2009 - 17:18 EDT
Australian lentil exports this year have reached 33,858t. This exceeds
the 2008 figure for the same period by 9,200t. Lentil production was
lower than expected for the 08/09 season due to dry conditions in
traditional grower areas. As a result strong prices have been seen for
lentils, as buyers fill export commitments. Domestic prices are still
trading around $1100/t despite some price falls this week. With rain
falling and some more expected in lentil growing regions, planted area is
expected to increase this year. Canada by comparison has had a strong
growing season, and is still seeing strong prices for their lentils. Old crop
prices are nearly double that of new crop, which is at 25c/lb. This
equates to a profit of CA$200/t, compared with wheat at approximately
CA$100/t. Canada is also predicting an increase in plantings, close to 2
million acres. Given weather patterns remain favourable, this could see
record crop production and up to 100,000t of lentils exported from
Canada each month.

[malleefarmer]

last week lentils were 1070 to 1100 aussie per metric tonne.
i dont grow them