Canadian Pea Market Remains Stable

08-Jan-2026 08:45 PM

Saskatoon. The Canadian pea market continues to face the same marketing challenges and obstacles this week that were present before the start of the new year.

There has been no change in the tariffs imposed by China and India, and the intense competition from countries like Russia and Ukraine remains unchanged.

Prices for various varieties and grades of peas in Western Canadian markets have remained stable or shown only minor fluctuations.

According to a leading trade analyst, significant changes in pea prices are unlikely until there are clear signals from the two major buying countries, China and India.

The FOB price for yellow peas remains stable at around $7 per bushel. Some trading is occurring at slightly higher price levels, up to $10 per bushel, in certain niche markets and for products with specific moisture content. Similarly, the price of maple peas is reported to be between $9.50 and $11.00 per bushel on an FOB basis.

According to analysts, the current pea prices are not very profitable or attractive for producers, and if this situation persists, there could be a decrease in the planting of all pea varieties in Canada this year.

Pea planting there is scheduled to begin in April and continue more or less until June. Canadian farmers may prioritize planting other higher-value crops instead of peas.

However, if there are clear indications of increased demand and prices between January and March 2026, the likelihood of a decrease in pea planting area may diminish.