Pea Market Update – Prices Rise After Import Duty Implementation
11-Nov-2025 12:32 PM
Pea Market Update – Prices Rise After Import Duty Implementation
★ Prices of yellow peas have shown a significant increase across major mandis in the country following the implementation of import duties. According to market sources, the duty has limited foreign supply, providing strong support to the domestic market.
★ As per mandi trends, the highest improvement has been recorded in Kanpur, Lalitpur, and Orai.
★ In Kanpur, pea prices rose from ₹3,575 to ₹3,925 per quintal — an increase of ₹350.
★ In Lalitpur, prices climbed from ₹3,200 to ₹3,550 per quintal — a rise of ₹350.
★ In Orai, prices jumped from ₹3,150 to ₹3,600 per quintal — an increase of ₹450, the sharpest among key markets.
Stability with firmness was also observed at Mumbai and Mundra ports.
★ In Mumbai, Canadian peas rose from ₹3,525 to ₹3,675 per quintal, and Russian peas from ₹3,375 to ₹3,575 per quintal.
★ At Mundra, Canadian peas increased from ₹3,350 to ₹3,525, while Russian peas moved from ₹3,375 to ₹3,475 per quintal.
Internationally, a mild firming trend was seen as well.
★ At Mundra Port, Canadian bulk (C&F) rates increased from $305 to $310 per tonne, while at Kolkata Port, rates rose from $315 to $320 per tonne.
★ Before the import duty revision on October 29, prices of yellow peas in India were in the range of ₹3,150–₹3,575 per quintal. After the implementation, they have strengthened to ₹3,475–₹3,925 per quintal.
★ This rise was largely expected after the duty announcement, but now market attention is focused on the future outlook.
★ Canada has limited export options beyond India, while Russia has reported a bumper pea crop this year.
★ Canada, being a major buyer of Russian peas, may resort to lower export prices due to increased competition. Additionally, abundant lentil availability may pressure Canadian farmers to sell both peas and lentils at lower prices, as both crops are often grown by the same producers.
★ We believe that the final acreage for peas may decline in the coming months.
★ According to I-Grain India, prices may now stabilize at current levels. Sowing of peas is underway across the country, and early data suggests that the pace of sowing is higher than last year, supported by good rainfall and adequate soil moisture.
★ Overall, the pea market has maintained a firm tone after the implementation of import duties.
Given the strong domestic demand and restricted imports, prices are expected to remain steady to slightly higher in the near term.