By paNOW Staff

Attractive pea prices

Feb 22, 2011 | 8:34 AM

The price of yellow peas has risen steadily since harvest.

The Alberta Pulse Growers publish a bi-weekly newsletter called The Pulse Market Insight. The most recent edition is by Chuck Penner of LeftField Commodity Research. Penner acknowledges that pea prices were slow to rally due to massive supplies overhanging the market.

Now, yellow peas are worth $8 a bushel in many locations, an increase of $2 to $3 since harvest. Penner says the key reason is the phenomenal pace of exports.

Earlier this week, there were seven ships in the Vancouver line-up scheduled to take mostly yellow peas, although some feed peas are also beginning to move to Europe.

Green pea exports haven’t been quite as brisk and we’re in the unusual situation where yellow peas are actually worth more than greens.

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