News Capsule: Canadian Pea Market Under Pressure; China’s Return Offers Some Hope
04-Feb-2026 12:16 PM
News Capsule: Canadian Pea Market Under Pressure; China’s Return Offers Some Hope
★ In recent months, the Canadian pulse market has faced several challenges. In 2025, both China and India imposed import tariffs on Canadian peas. China’s 100% tariff introduced in March had a much stronger impact, while India’s 30% tariff imposed in November was relatively less disruptive.
★ Due to China’s tariffs, Canadian pea exports were not completely halted, but shipments fell by nearly two-thirds. The impact was especially severe on green and maple peas, while yellow pea prices also saw only limited recovery after harvest.
★ After China announced the removal of tariffs, maple pea prices showed an initial rise, with modest gains in yellow and green peas as well. The market’s future direction will largely depend on the pace of Chinese buying.
★ It is estimated that once tariffs are lifted from March, around two vessels per month—about 120,000 tonnes—of peas could be shipped to China. This could take total exports to China to nearly 800,000 tonnes by the end of 2025/26. Combined with exports to India and other Asian destinations, overall exports may see a small increase.
★ However, this export growth is not sufficient against the much larger supply. In 2025/26, Canada’s pea supplies are estimated to be 1.1 million tonnes higher than last year, keeping stock pressure high and limiting the scope for a sharp price rise.
★ One positive factor in the Indian market is that despite the 30% tariff, pea prices there have strengthened. In recent months, yellow pea prices in India have continued to firm, reducing the likelihood of further tariff hikes. Even so, import duties have slightly dampened demand amid heavy global supplies.
★ Overall, China’s return as a buyer has provided some support to the market, but it will take more time for the Canadian pea market to regain balance.