THE BIG PICTURE
Derong believes that “over 500,000 MT” of yellow pea imports into China could be in jeopardy. In response to this, Derek Drayson of Agrocorp Canada in February said that he believed that Canada would simply “change trade flows” to avoid losses, as the USA and Canada continue to have excess fractionation capacity of their own. “We’re going to be shipping to fractionation plants in the US and Canada as opposed to plants in China,” said Drayson, “and I don’t think it’s going to have an overly significant impact on the total supply and demand statement.” However, if China no longer sources the majority of its yellow peas from North America, it may turn its gaze to other origins, such as the Black Sea region.
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