Canada 2017-18 Matar Ending Stock To Rise On Lower Export - AAFC

MUMBAI (Commoditiescontrol) – Agriculture and Agri Food Canada (AAFC) in its latest report increased 2017-18 ending stocks for Matar (Dry Peas) and Masoor (Lentil) due to poor export demand from India.

For 2017-18, production decreased by 15% to 4.1 million tonnes (Mt) due to lower yields in Saskatchewan and lower harvested area, particularly in Alberta and Manitoba. Yellow and green pea types are expected to account for about 3.6 Mt and 0.4 MT, respectively, with the remainder spread across other varieties.

Supply has decreased by only 12%, to 4.4 Mt, due to higher carry-in stocks. Exports are forecast at 2.4 Mt, largely due to lower imports by India due to higher production and 50% duty levy on Matar import. This is expected to be partly offset by record exports to China.

Carry-out stocks are forecast to increase sharply due to the excess exportable supply.

The average price is expected to fall from 2016-17, due to the abundant supply and expectations for record carry-out stocks in 2017-18.



(By Commoditiescontrol Bureau; +91-22-40015533)