GFM Network News

Pulse weekly outlook: Strong demand supporting pea prices

MarketsFarm — There has continued to be a strong demand for peas, as demonstrated by data from the Canadian Grain Commission. And that has been supporting price increases, according to Marlene Boersch of Mercantile Consulting Venture Inc. in Winnipeg. “The overall demand has been very, very good,” she said. In the most recent export data […] Read more

Pulse weekly outlook: Green pea premium to erode with acreage increase

MarketsFarm — Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade at a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price […] Read more

Peas hold range ahead of upcoming production

CNS Canada — A policy extension from major pulse buyer India has brought short-term support to Canada’s dry pea market, but values are hanging in a range, price- and demand-wise. India in late March extended its fumigation policy requirement for three months, allowing the market some breathing room, though officials still hope to come to […] Read more

Limited farmer selling keeping pea prices steady

CNS Canada –– Prairie pea prices are steady, but farmers are holding out, according to one trader, as emerging new-crop bids grow in strength. “I think what’s moving prices is simply the expectation that (they) can’t go that much lower,” said David Newman of Victoria-area pulse trading and processing firm Commodious Trading. A lack of […] Read more

Prairie pea yields appear lower in early harvest

CNS Canada — Western Canada’s pea harvest has begun and yields appear to be down, according to a crop management specialist with Saskatchewan Agriculture. “Once farmers cut into the peas they began finding yields maybe half of what they typically expected,” said Shannon Friesen. Excess dryness in the early summer seems to have taken its […] Read more