Export price of yellow peas from Canada and Russia falls

26-Jul-2024 01:58 PM

Dubai. Export price of yellow peas from Canada and Russia, the two major producer and exporter countries, for August-September and September-October delivery to Bangladesh, China, India and Pakistan declined last week.

Harvesting of the new pea crop is going to start soon in both the countries. According to available data, the export price (on CNF basis) of yellow peas from Canada to Bangladesh for August-September delivery was running at $485 per tonne on July 18, which fell by $20 or 4 percent to $465 per tonne on July 25.

The export offer price for the same September-October delivery fell by $15 or 3 percent from $470 per tonne to $455 per tonne. 

The export price of yellow peas from Canada to China fell by $30, or 7 per cent, to $405 per tonne from $435 per tonne for August-September shipment and by $30, or 7 per cent, to $390 per tonne from $420 per tonne for September-October shipment. 

With regard to India, its export offer price from Canada fell by $35, or 7 per cent, to $435 per tonne from $470 per tonne for August-September delivery and by $30, or 7 per cent, to $425 per tonne from $455 per tonne for September-October shipment.

The offer price for China is kept relatively low. As compared to July 18, the export offer price of yellow peas from Russia for August-September shipment to China fell by $10, or nearly 3 percent, to $380 per tonne from $390 per tonne, to India by $5, or 1 percent,

to $405 per tonne from $410 per tonne, and to Pakistan by $3, or 1 percent, to $405 per tonne from $408 per tonne on July 25. Earlier, the export offer price of yellow peas from Canada and Russia for shipment to these importing countries was trading higher by $5-10 per tonne on July 11.