Peas Continue to Find Support

PANAMA - May 14/17 - SNS -- Strong export movement has combined with initial indications of a potential decline in pulse production in India to suppoirt values during thepast week.

The anticipated shift away from pulses into other crops is becoming apparent in parts of India, with farmers in Punjab and Haryana, and Southern Karnataka seeding more cotton because they believe this year's monsoon will be closer to average.

The director of the Indian Cotton Association, Ashwani Jhamb, told The Hindu Business Online, that "there will be a sharp surge in cotton cultivation in Punjab, where farmers are shifting from paddy, arhar (black gram) guar and partly from maize. The government has set a target of 400,000 hectares of area in Punjab, as against 265,000 hectares witnessed last year."

CGC Bulk Export System Update

The Canadian Grain Commission (CGC) reports 53,400 MT of bulk peas were exported through reporting terminals and primary elevators between May 1 to 7. That lifted season to date exports to 3,077,800 MT, compared to 2,145,700 MT during the same period in the previous marketing year.

Farmers delivered 36,900 MT of peas to primary elevators during the week. This lifts season to date deliveries by farmers to 3,666,700 MT, compared to 2,386,300 MT during the same period last season.

Elevators and terminals reported selling 2,700 MT of peas to domestic buyers during the week. This lifted season to date sales to 130,600 MT, compared to 146,500 during the same period last season.

There are 218,500 MT of commercial stocks of peas, including: 119,600 MT of field peas in primary elevators; 200 MT in process elevators; 97,200 MT at Vancouver; none at Churchill; none at Prince Rupert; 1,500 MT at Thunder Bay; and none in St. Lawrence ports. There are also 24,700 MT of peas in transit by rail to Canadian ports, compared to 26,500 MT the previous week.

For the field peas in primary elevators: 9,100 MT are located in Manitoba; 79,100 MT in Saskatchewan; 31,200 MT in Alberta; and 200 MT in British Columbia.

The CGC did not provide a breakdown of the grades of peas in terminal elevators.

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