Field Pea Markets Converging
PANAMA - Jul 16/24 - SNS -- Spot and new crop values for field peas are continuing to converge in the face of initial harvest activity in the United States, though despite below average crop development in parts of the Canadian growing area.
There remains underlying optimism about the depth of opening season export demand, especially for yellow peas given India's decision to allow duty free imports for product shipped with on board bills of lading on or before October 31.
On the other hand, there are growing doubts the period will be further extended if India sees an increase in area sown to pulses during the current kharif season planting window.
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