Canada pea production increased by 15%: AAFC

20-Dec-2024 09:42 AM

Canada pea production increased by 15%: AAFC
The 2024-25 outlook for pea production shows notable trends in Canada and the United States:
Canada:
Overall Production:
Total pea production: 30 lakh tonnes, a 15% increase from last year.
Yield improvement: 8% increase in productivity.
Breakdown by Type:
Yellow peas: 24 lakh tonnes.
Green peas: 4.5 lakh tonnes.
Supply and Exports:
Total supply: 33.6 lakh tonnes (2% rise).
Exports: 24 lakh tonnes.
Market Impact:
High ending stocks anticipated due to increased production.
Average prices decreased by 8% to 425$/ton.
United States:
Sowing & Production:
Sown area: Increased by 2%, totaling 4 lakh hectares.
Expected production: 8.7 lakh tonnes (USDA projection).
These trends highlight robust growth in production but also point to price challenges driven by higher supply and significant stock accumulation.