Peas Strengthen on Record Movement
VANCOUVER - Sep 24/10 - SNS -- Field pea markets continued to strengthen through the past week, helped by bullish sentiment in major grains and oilseeds and ongoing demand from India's state trading companies.
There is a growing sense that India's 15% subsidy on imports by state-owned entities will be extended until the March 31 end of the country's current fiscal year.
But, there is growing opposition to a further extension because of the belief the subsidy has contributed to higher average trading levels for pulses.
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