Field Peas Holding Firm
PANAMA - Nov 8/24 - SNS -- Field pea markets maintained their recent firm tone against tightening stocks in Canada and other origins.
Bulk movement of peas from Canada was relatively strong during the opening quarter of the country's 2024-25 marketing campaign, reflecting good movement to the Indian subcontinent and other destinations.
Markets are not expecting major changes in Canada's final production estimates in December, given the fact that provincial yield estimates closely match those from Statistics Canada in September. In a sense, provincial estimates are survey based, whereas the federal data is based on satellite and agroclimatic data.
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