Pea prices stable in Canada amid limited trade

19-Jun-2025 03:38 PM

Saskatoon. With the completion of the sowing process, attention in Canada's pea market has now shifted to monitoring the development of the new crop. As a result, trading activity in the current stock has slowed.

In the markets of Western Canada, particularly in Saskatchewan province, the price of yellow peas is holding steady at around $10 per bushel, while green peas with a maximum of 3 percent sticky grain are priced at approximately $16.50 per bushel.

Although there is no indication of a significant surplus stock of peas at the end of the current marketing season, the carryover may be slightly above the normal average. The new marketing season for 2025–26 is set to begin formally in August.

A major factor influencing trade sentiment is the 100 percent import duty imposed by China on Canadian peas since March.

If Russia produces a larger volume of feed-grade peas, China may increase imports from there instead, particularly for food use. Due to the high duty, Canadian pea exports to China are economically unfeasible, and uncertainty over future imports continues.

Regarding India, importers are showing limited interest in Canadian yellow peas at present. This is due to the availability of ample previously imported stock, as well as the recent domestic harvest. With overall softness in the pulses market, yellow pea prices have also weakened.

However, the Indian government has extended customs duty exemption on yellow pea imports until 31 March 2026, so importers are in no rush.

In Canada, the area under pea cultivation this season has remained at normal levels, but weather and rainfall conditions in key growing regions have not been fully favourable.

As a result, any major increase in production appears unlikely. Interestingly, the price difference between the old and new crop of yellow peas has narrowed significantly, with both trading at similar levels.