MUMBAI (Commoditiescontrol) - Canada dry peas production during 2015-16 is estimated to fall by 17 percent to 3.2 million tonnes, due to lower area seeded and lower yields in Saskatchewan where the majority of the peas are grown, Agriculture and Agri-Food Canada said in monthly report (AAFC). Yellow and green pea production are forecast to fall from last year to about 2.7 million tonnes and 0.4 million, respectively.
Production of the other remaining dry pea types is also expected to fall sharply to about 30,000tonnes. Supply is forecast to fall by only 13 percent due to higher carry-in stocks. Exports are forecast to decrease to 2.9 million tonnes. For 2015, from August to September, India, Bangladesh and China are Canada’s top three markets.
Carry-out stocks are forecast to decrease due to the lower exportable supply. The average price is expected to increase from 2014-15.
During the month of October, the on-farm price of yellow peas in Saskatchewan rose about $15 per tonne, while the green pea price was unchanged. Current indications of crop quality are an increase in the supply of No.1 or No.2 grade Canadian dry peas when compared to last year.
For the crop year to-date, green dry peas prices have been maintaining a discount of C$20 per tonne below yellow dry peas, for the first time since 2006-07. Last year, green peas held a C$30/t premium over yellow peas.
Area seeded to dry peas in the US for 2015-16 is forecast by the USDA to rise by 5 percent from last year to a record 1.0 million acres. This is largely due to an estimated increase in area in Montana and North Dakota. Yields are expected to be average and US dry pea production is forecast by USDA to rise marginally to a record 0.8 million tonnes. The main export markets for US dry peas are China and India, similar to Canada.
(By Commoditiescontrol Bureau; +91-22-40015533)