The Canadian drought has had a detrimental effect on the pea crop, which has pushed up prices around the world. Meanwhile, strong international demand and declining stocks could push pea prices even higher.

This is reported by analysts of the NGO "Community of Producers and Consumers of Legumes of Ukraine".

According to the estimates of the harvest in the fields of Canada from October 15, 2021, according to the Agriculture and Agri-Food Canada agency, the production of peas in 2021/22 MY compared to last year fell by 45% – to 2,527,000 tons. Considering that 2,300,000 tons are planned for export. peas, in the final residues there will be only 50 thousand tons compared to 479 thousand tons a year earlier.

The demand for pea protein is reported to have risen sharply, mainly due to increased interest in plant protein alternatives as a meat substitute. The protein market continues to grow daily, and this is what creates demand.

Agroportal