Old and New Pea Prices Nearly Aligned in Canada

24-Jul-2025 01:04 PM

Regina. The harvesting of Canada’s new pea crop is set to begin next month, and advance contracts for purchase and sale are already underway. Typically, new crop prices are lower than old stock, but due to weak export demand, prices of old stock peas have now declined to nearly match those of the new crop, with only a slight difference observed.

According to trade analysts, yellow peas are priced at $8–$9 per bushel, maple peas at $13 per bushel, and green peas at $13–$14 per bushel. The maximum allowance for flat grains is 3%. Pea sowing in Canada was completed in June, and the total acreage has increased by about 9% compared to last year. The overall crop condition in major producing provinces like Saskatchewan and Alberta is promising, and production is expected to rise.

As a result, Canada is likely to see an increase in its exportable surplus of peas. However, if demand from importing countries does not rise proportionately, there could be a significant buildup of unsold stock by the end of the marketing season, which may further pressure prices. One major concern remains China’s imposition of a 100% import duty on Canadian peas.

India, a key market, has extended duty-free import of yellow peas until March 31, 2026. However, given the falling prices of pulses in the domestic market, the Indian government may reconsider its import policy in the future.

Currently, the Canadian pulse market is stable and calm, with limited price movement. Importers are primarily focused on the upcoming crop, which is expected to start arriving in August.