Canada Pea Report: AAFC

18-Apr-2025 12:49 PM

Canada Pea Report: AAFC
Season 2024-25
★ Canada's pea exports are forecast to decline to 2.1 million tonnes.  
★ The drop is largely attributed to China's import tariffs and the likely expiry of India's import duty exemption on peas after May 31, 2025. As a result, carry-out stocks are expected to rise.  
★ Uncertainty in the global pea market has increased due to actual or potential import duties imposed by the U.S., China, and India in recent months.  
★ In March, farm prices in Saskatchewan fell by $15/tonne for yellow peas and $65/tonne for green peas.  
★ For the full crop year, green pea prices are expected to average $200/tonne higher than yellow pea prices.
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Season 2025-26
★ The seeded area for peas is projected to rise by 9% to 1.42 million hectares. However, production is forecast to increase only 4% to 3.1 million tonnes.  
★ Exports are expected to drop to 1.3 million tonnes, pushing carry-out stocks to record levels.  
★ Average prices are likely to decline further due to high domestic stocks.
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United States
★ According to the USDA, in 2025-26, pea acreage in the U.S. is expected to fall by 8% to 0.9 million acres, mainly due to reduced planting in North Dakota and Montana.