PANAMA - May 7/21 - SNS -- Global field pea markets were not surprised with Canada's March 31 stocks in all positions report, with grower selling interest and ongoing export movement remaining dominant factors.
Statistics Canada said Canada had a total of 1.878 million metric tons (MT) of peas on hand on March 31, down slightly from 1.91 million at the same time last year. Inventories on farms slipped from 1.505 to 1.473 million MT, while stocks in commercial position were unchanged at 405,000 MT.
Inferred domestic disappearance rose from around 174,000 to almost 221,500 MT. This is a possible reflection of increased value added processing capacity to manufacture pea starch, protein and fiber fractions as well as the diversion of product into livestock feed markets.
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