Average prices, compared to 1999-00, are forecast to increase for sunflower seed, decrease for dry peas, lentils, chick peas, mustard seed and buckwheat, and be similar for dry beans and canary seed. The areas seeded to chick peas, mustard seed, canary seed and sunflower seed are forecast to increase while the areas seeded to dry peas, lentils, dry beans and buckwheat are expected to be similar to 2000-01. Exports and domestic use are forecast to increase, 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, and be similar for lentils and buckwheat. Exports and domestic use are forecast to increase significantly due to stronger demand.
Total supply is forecast to decrease because of lower carry-in stocks.
Total world supply is expected to increase slightly to 12.6 Mt because of higher production in the EU, but this is expected to be offset by increased demand. Canadian exports are forecast to decrease because of lower supply. Domestic use is expected to increase. Lower Canadian carry-out stocks and higher protein meal prices are expected to support pea prices. Exports are forecast to increase.