STAT Communications Ag Market News

Relative Firmness In Peas

PANAMA - Mar 3/23 - SNS -- International field pea markets finished the week on a relatively firm note, helped by solid export movement from major net exporting nations.

However, Canadian markets have doubts about prospective domestic disappearance of peas because of the closure of Merit Functional Foods Corp. facilities in Winnipeg, Manitoba.

The company was placed in receivership by Export Development Canada (EDC) and Farm Credit Canada (FCC) because Merit owes them about $58.5 million and $36.5 million respectively in principal and interest.

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