Canadian Pea Market Stabilizes

05-Feb-2026 09:02 PM

Regina. Two weeks ago, in mid-January, when the Chinese government agreed to reduce the 100 percent tariff on Canadian pea imports, prices for this important pulse crop surged in Canada.

However, due to large Indian stocks and weak global demand, the pea market has softened again and is now largely stable. The reduction in the tariff on Canadian pea imports to China is scheduled to take effect next month (March).

According to trade analysts, the delivery price for yellow peas in Saskatchewan, one of Canada's major agricultural provinces, is currently between $8.00 and $8.30 per bushel, while green peas are trading at around $10.00 to $10.50 per bushel.

Maple pea prices have softened slightly and are now in the range of $11.00 to $13.00 per bushel. While pea prices have eased somewhat in recent days, they are still higher than in the first two weeks of January.

This may prevent Canadian farmers from having to reduce their planting. Some analysts suggest that pea planting in Canada will pick up in April-May, and if the revised import tariff in China comes into effect during this period, further price improvements could be expected.

This could maintain farmers' enthusiasm and interest in pea cultivation. India has a 30 percent import tariff on yellow peas, and no changes are expected in the near future.

Canada may have a large surplus stock of peas because production was excellent this year, but export performance has been weaker in comparison.