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Pulse Market Update: 05.03.14
Canada Reports anticipate exports will rise to 2.9 million tonnes ex crop 2013-14, but domestic consumption is falling and a large carry forward is anticipated, putting downward pressure on prices. The area seeded in 2014-15 is anticipated to increase still further (possibly up to 10%) to over 1.5M ha. The drivers are attractive crop returns and growing recognition of the value of peas to the crop rotation. Despite this increase in area, a return to more ‘normal’ yields would see availability fall by 10%.
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