Dry Pea Stocks Tighten on Larger 2023-24 Export Forecast

Agriculture Canada has lowered its already tight 2023-24 dry pea ending stocks estimate due to heavier export demand. In updated monthly supply-demand estimates released last week, Ag Canada forecast dry pea ending stocks for the current marketing year at just 175,000 tonnes. That is down from the previous month’s forecast of 210,000 and is now roughly 65% below last year’s stocks of almost 500,000 tonnes.If accurate, it would be the tightest dry pea ending stocks since 2015-16 when