Industry believes green pea supplies are over-reported
SASKATOON — Canada has far fewer green peas than the government is reporting, says an analyst.
“Purely from a price perspective, markets believe the Canadian harvest was smaller than estimated by Statistics Canada,” Stat Publishing noted in a recent article.
Using crop insurance data, a “strong argument” can be made that growers planted 358,000 acres of green peas last year, well below Statistics Canada’s 463,000-acre estimate.
Stat believes the area has been over-reported since 2021.
Canaryseed sector expects more acres this year
Statistics Canada is forecasting 232,180 acres, a 20 per cent decrease from last year, but traders question the estimate’s accuracy
Canaryseed brokers and traders think acres this year will be larger than Statistics Canada is indicating.
“Definitely acres are going up, not down,” said David Nobbs, a trader with Bornhorst Seeds.
Statistics Canada is forecasting 232,180 acres of the crop, a 20 per cent decrease from last year.
“I don’t even know why they’re involved in this crop. The numbers that come out are just always wrong,” said Nobbs.