News Capsule: Yellow Pea Prices Surge: Post Import Duty Cut – What’s Next?
04-Nov-2025 03:05 PM
News Capsule: Yellow Pea Prices Surge: Post Import Duty Cut – What’s Next?
★ India is witnessing a sharp rise in yellow pea (pulse) prices. On October 29, it was announced that the import duty would increase from 0% to 30%, effective from the BL date of November 1.
★ In Kanpur market (M.P. & U.P.), prices rose from ₹3,575 per quintal on October 29 to ₹3,875 on November 4 — an increase of ₹300. Similarly, Lalitpur and Orai saw a surge of ₹250.
★ Port markets also showed improvement. In Mumbai, Canadian yellow peas increased from ₹3,525 to ₹3,675, while Russian yellow peas rose from ₹3,375 to ₹3,575. At Mundra port, Canadian peas went up from ₹3,350 to ₹3,525, and Russian peas from ₹3,375 to ₹3,475.
★ On a weekly basis, the market remained strong. Lalitpur recorded a weekly rise of ₹400, while Kanpur saw an increase of ₹275.
★ Comparatively, early November prices are ₹425–₹550 per quintal higher than the September average and ₹250–₹325 higher than the August average.
★ Before the import duty came into effect, around 300,000–350,000 tons of Canadian peas were shipped to India. In the current financial year (April–August), approximately 300,000 tons were imported, compared with 976,000 tons during the same period last year and a record 2.164 million tons in the previous full financial year.
★ Since December 2023, after imports resumed, more than 3.6 million tons of peas have entered India by August 2025.
★ Following China’s imposition of high duties on Canadian peas, India has now also levied import duties, increasing challenges for ★ Canada. The only option left for Canada is to export peas at lower prices.
★ Pea sowing has started in India. Due to lower prices throughout the season, sowing may decrease.
★ With domestic prices rising, Selling has diminished, which could keep prices stable for some time.
★ After wholesale stocks are replenished, prices are expected to rise again.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.