STAT Communications Ag Market News

Strong Movement Supports Peas

PANAMA - Feb 15/19 - SNS -- Field pea markets were little changed, though the pace of exports remains relatively strong, with bulk movement from Canada now above the quantity shipped by this time last year.

Though markets are somewhat concerned about demand prospects through the balance of the marketing year, tightening stocks on farms are adding support because of the risk Canada may not be in a position to cover any unexpected increases in demand before new crop.

Just over half the peas that were on farms as the season got underway have been delivered to the bulk handling system, compared to 37% at this time last year.

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