For the crop year 2021-22, Canada forecasted a seeded area of dry peas to an area of 1.55 million ha, which is a 10% decline from last year’s total seeded area and hardly falling at 4.0 million MT. Although dry peas continue to be a rotational crop, the production still drops due to the high world supply and carry-out stocks. Subsequently, export volume is forecasted to decrease. The average prices of dry peas are anticipated to fall following the yellow dry pea prices along with a higher global supply.
Lentil production in Canada for 2021-2022 projects the volume to reach around 1.7 million ha of seeded land, expecting a 2.65 million MT. Although carryout stocks are estimated to be the same volume as last year, the production and supply, including exports volume, are forecasted to decrease by 6%. The increased world supply and carryout stocks lead the lentil prices to decline as well.
Canada’s agricultural bureau expects around 385,000 MT of dry beans planted nationwide at 167,000 ha, a 9% fall from last year’s seeded area. The decrease accounted for the lower potential returns as compared to the other crops. Export volume consequently declines, while carry-out stocks are projected to increase. Accordingly, Canadian dry bean prices are foreseen to decrease due to the increased supply of North America alongside the inflation of the Canadian dollar over the US dollar.
Statistics anticipated a 145,000 MT of chickpeas seeded in 86,000 ha compared to Agriculture and Agri-Food Canada’s (AAFC) forecast of 247,100 ha. There has been difficulty in marketing chickpeas last year due to the decreased demand for the product. Mainly, the market demands of the United States for chickpeas declined when the country counted on their local produce rather than imports, though supply is forecasted to increase with its high carry-in stocks.