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Australian Drought Fear Helps Peas
VANCOUVER - Apr 20/07 - SNS -- International field pea markets ended the week on a relatively firm note against ongoing demand from buyers in Asia and the Indian subcontinent.
Fears Australia will face another severe drought this year is taking the edge off expectations Statistics Canada's April 24 seeding intentions report will show farmers in Canada intend to plant a record crop this year.
The situation in Australia has become politically charged, with the country's prime minister agreeing that without significant rainfall in the next couple of weeks, irrigation water will not be available to the country's bread basket -- the million square kilometer Murray-Darling basin in southeastern Australia, which include most of New South Wales and large parts of Victoria, Queensland and South Australia.
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