Canadian Chickpea Stocks Remain High

VANCOUVER - Sep 5/08 - SNS -- In its latest monthly review of Canadian chickpeas Agriculture Canada's market analysis branch in Winnipeg reports this year's seeded area will total 205,000 acres, unchanged from last month. Harvested area is forecast at 205,000 acres, up 7,000 from last month. It also forecast production for 2008 will total 123,000 MT, up 18,000 from last month's prediction.

Agriculture Canada is forecasting exports for 2008-09 at 90,000 MT, down 20,000 on the month. Last season's exports are estimated at 70,000 MT, down 10,000 from the last report. Domestic use in 2007-08 is estimated at 63,000 MT, up 3,000 on the month; while domestic use in 2008-09 is forecast at 63,000 MT, down 1,000 from last month.

Season ending stocks are expected to total 110,000 MT at the end of the 2007-08 marketing year, up 10,000 from last month's forecast. They are forecast at 85,000 MT by the close of the 2008-09 marketing year, up 45,000 on the month.

Agriculture Canada estimates grower bids finished the 2007-08 marketing year at CDN $560 MT for all classes of farmers dressed product delivered Canadian processing plant. Bids are forecast at between $570 and $600 for 2008-09, versus between $570 and $600 in last month's report.

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