With a larger carryin from the old-crop marketing year, Ag Canada also raised its 2021-22 dry pea ending stocks estimate, bumping it up to 300,000 tonnes in June from 200,000 in May. Half of the larger old-crop carryin was offset by a 100,000-tonne increase in the new-crop export forecast to 3.4 million.
In other pulse and special crop supply-demand changes this month, Ag Canada trimmed its 2020-21 chickpea ending stocks forecast to 285,000 tonnes from 305,000 in May due to a 20,000-tonne increase in the export forecast to 135,000. However, even with this month’s reduction, chickpea ending stocks are still forecast above the previous year’s 250,000.
For 2021-22, chickpea ending stocks are now estimated by Ag Canada at 255,000 tonnes, a drop of 30,000 from May.
The old-crop chickpea average price forecast was increased to $645/tonne this month from $620 in May, while the new-crop outlook was held steady at $660.
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