The areas seeded to dry peas, chick peas, mustard seed and sunflower seed are forecast to increase, while the areas seeded to lentils, canary seed and buckwheat are expected to be similar to 2000-01, and the seeded area to dry beans is expected to decrease. Exports are expected to remain stable, while domestic use increases, resulting in lower carry-out stocks. Average prices, compared to 2000-01, are forecast to increase for dry peas, dry beans, chick peas, mustard seed, canary seed and sunflower seed, decrease for lentils and be similar for buckwheat. Exports and domestic use are forecast to increase significantly due to stronger demand. The average price over all types, grades and markets is forecast to decrease slightly.
Total supply is forecast to decrease marginally because of lower carry-in stocks.
Canadian exports are forecast to decrease because of lower supply, while domestic use increases. Lower Canadian carry-out stocks and higher feed grain prices are expected to support pea prices. The average price is forecast to increase slightly. Exports are forecast to increase. The larger supply and carry-out stocks are expected to pressure prices.