Pulse weekly outlook: Dry pea prices remain firm

Acres expected down from 2019

MarketsFarm — Prices for green and yellow dry peas remain fairly good, according to Dale McManus of Johnston Grains at Welwyn, Sask.

Green peas are currently $10-$11 per bushel, which he said is a decent price; he also expects green pea acres to remain steady in 2020 compared to the previous year.

The price for yellow peas has risen along with a greater demand coming from China and India, McManus said.

“The price might drop a little with seeded acres, but [prices] have been higher in the last couple of years,” he said.

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Prairie Ag Hotwire reported the price for green peas slipped 50 cents per bushel in the last month. Meanwhile, the price for yellow peas gained 38 cents per bushel during the same period.

Statistics Canada, in its May crop area report, projected Canadian farmers this spring would plant 4.28 million acres of dry peas, which would mark a decline of 1.24 per cent from 2019.

The bulk of Canada’s dry peas are grown in the West, with Saskatchewan projected to account for 2.29 million acres, followed by Alberta at 1.74 million; then it’s Manitoba at 171,800 acres and British Columbia at 52,100.

In the East, Quebec is expected to have the most acres at 13,200, then Prince Edward Island at 4,000.

— Glen Hallick reports for MarketsFarm from Winnipeg.

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