Canada’s farm agency has retained masur and peas prices of the previous forecast

Peas prices are estimated at $220-$250 per tn in 2018-19 while masur prices are seen at $420-$450 per tn. Prices of peas and masur in Canada are, however, seen down from last year. In 2017-18, peas prices were at $265 per tn and masur were at $475 per tn. Peas prices are forecast to be lower from the previous year because of higher supplies and lower exports. Supply of peas is estimated at 4.1 mln tn and exports are seen at 2.8 mln tn. Despite a fall in the masur output, prices are likely to fall this year due to expectation of higher supply.