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World Pea Market Under Pressure
VANCOUVER - Oct 31/08 -SNS -- International field pea markets remained under pressure during the past week, with steep declines recorded for European origin product on both grower and inter-dealer markets.
Limited competition from food grade markets is forcing European field pea traders to refocus on feed, forcing prices to adjust to more competitive levels. Canada's ability to participate is limited by a good quality harvest.
In its final crop report of the year, Saskatchewan Agriculture and Food said the pea crop is expected to grade 92% in the top two grades, compared to the 10-year average of 83%.
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