STAT Communications Ag Market News

Bulk Pea Movement Trends Upward Through May

WINNIPEG - Jun 28/18 - SNS -- The Canadian Grain Commission (CGC) reports 373,000 metric tons (MT) field pea were loaded for export through licensed terminal and primary elevators which are required to report to it all grain movement in May.

The CGC data does not include exports in containers or from non-reporting terminals. It is important to recall that the CGC data may not match official export data. The CGC counts product when it is loaded to ships, while Statistics Canada bases its calculations on the bill of lading date.

The CGC reports exports are up 85% from the 201,700 MT shipped the same month last year and more than double the 177,800 MT loaded for export the previous month. Interestingly, a bulk shipments of 30,000 MT of peas was reported to India. That is the first bulk parcel to move to that destination since October.

Movement so far this marketing year is down from the previous season, dropping 46% so far during the marketing year to 1.75 million MT, compared to 3.23 million the previous marketing year.

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