Canadian dry pea and lentil ending stocks for 2022-23 will be much heavier than previously expected, thanks to larger old-crop carryovers and bigger crops this year.
Updated monthly supply-demand estimates released by Agriculture Canada Friday pegged 2022-23 dry pea ending stocks at 650,000 tonnes, more than double the August forecast of just 300,000 and nearly 69% above a year earlier. Lentil stocks were estimated at 400,000, up from 200,000 last month and 224,000 in 2021-22.
The September Ag Canada supply-demand estimates reflect Statistics Canada’s Sept. 7 grain stocks report, as well as its Sept. 14 crop production report.
The grain stocks report showed larger end-of-season supplies for both peas and lentils compared to earlier expectations. For peas, carryin stocks for 2022-23 are now estimated at 385,000 tonnes, up from Ag Canada’s August forecast of 250,000, while lentil carryin stocks are seen at 224,000 tonnes, versus 150,000 last month.