Not much movement in Canadian pea market due to limited business

27-Jun-2025 08:32 PM

Regina. The pace of trading for the existing stock of peas in the markets of Western Canada has slowed down considerably, with most buyers waiting for the next new crop. Despite this, Canadian producers are not willing to lower the price of their peas.

The plant delivery price of yellow peas is around $10 per bushel, but there is limited interest from buyers at this level. Pea sowing has been completed in Canada, and attention has now shifted to crop progress in the fields. While some areas have received rain, others are experiencing drought and urgently need substantial rainfall.

Trade analysts suggest that during the 2025-26 marketing season (August–July), Canada may face serious challenges and strong competition from Russia in the international pea export market.

Russia is expected to have excellent production and is offering peas at significantly lower prices compared to Canada. Additionally, China has imposed a 100 percent import duty on Canadian peas, and its importers are increasingly turning to Russia.

Regarding India, the government has made the import of yellow peas duty-free until March 31, 2026. As a result, Indian importers are not in a rush and are likely to assess the price situation before placing new orders—possibly favouring Russian peas due to cost advantages.

The price of green peas in Western Canada is between $15.50 and $16.75 per bushel. Maple pea trading has slowed down significantly.

While some buyers are showing interest, they are unwilling to pay more than $13–14 per bushel. Producers, however, are not inclined to sell at lower prices. The price of the next new crop is $13 per bushel for green and Maple peas and between $9.00–9.50 per bushel for yellow peas.