Uncertainty Pervades Pea Market
PANAMA - Feb 24/17 - SNS -- International field pea markets are ending the week's trading on an uncertain note against conflicting news about whether India will grant Canada another extension, allowing it to ship pulses to the country without fumigating them with methyl bromide.
Initial reports from the office of Canada's Agriculture Minister and from Ministers in India clearly stated that the current exemption would be allowed to expire on March 31.
That had an immediate impact on trading interest for field peas and lentils from Canada and other countries which do not allow the use of methyl bromide. This was reflected in a drop in both grower bid levels and export asking prices for Canadian lentils and field peas.
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