Crop condition is generally good and average to above average yields are generally expected. The risk of frost damage is higher than last year, especially for chick peas. An early frost would reduce both yields and quality. In eastern Canada, dry beans were seeded earlier than normal. The harvest is starting and average yields are expected.
Total supply is forecast to increase marginally due to high carry-in stocks.
Export demand for feed peas to Europe is expected to remain strong due to lower European production. Export demand of food peas to Latin America and especially Asia, is also expected to remain strong due to lower world production. Domestic consumption, mainly for livestock feed, is forecast to increase as livestock producers become more accustomed to using peas in their rations, combined with good supply and competitive prices. Carry-out stocks are forecast to remain stable. The weighted average price of all types and markets is forecast to be similar to 1998-99.