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Peas Seek More Bullish Story
VANCOUVER - Jul 25/08 - SNS -- Canadian field pea market participants are looking for all the bullish sentiment they can muster for the coming marketing year, buoyed by late seeding in parts of western Canada and a potential decline in kharif or monsoon season plantings in India.
Exports to the Indian subcontinent are expected to be as strong as last year, with state trading corporations well on their way to buying 1.5 million metric tons (MT) of all pulses, including a substantial quantity of field peas.
However, direct commercial buying is not as strong as last season, reflecting the impact of high prices on demand.
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