Pea Prices Stable in Canada Amid Limited Trade
03-Oct-2025 04:13 PM
Saskatoon. In western Canada, pea prices have remained stable due to limited trading activity and good arrivals. Some global pressure is also weighing on the market, while Canada itself has seen better production this year. Imports of Canadian peas by major buyers like China and India have been very limited. In India, there is speculation that import duties on yellow peas may be reimposed, which has made Indian importers hesitant to sign large forward contracts. Due to strong production and weak export demand, Canadian yellow pea prices had already fallen to $6.50 per bushel. In some cases, limited buying and selling pushed prices into the $7.25–7.75 per bushel range.
In the global export market for yellow peas, Canada is currently facing stiff competition and serious challenges from Russia and Ukraine. As for green peas, the price of No. 2 quality stock remains steady at $9.50–10.00 per bushel, with little chance of significant increases in the near future, given the weak export demand. Maple peas are priced similarly to green peas, though there is some trading activity taking place.
According to trade analysts, even at these lower price levels, export demand for peas remains weak, leaving producers with little opportunity to push prices higher. The large imports of yellow peas into India are being seen as a major factor in softening the pulse markets there. As a result, the Union Agriculture Ministry and the NITI Aayog are in favor of imposing restrictions on yellow pea imports, while the industry and trade sector have already been demanding a complete ban. Meanwhile, China continues to impose a hefty 100% import duty on Canadian peas. Harvesting of the pea crop in Canada is now complete, and production has been better this year, but selling this large stock remains a significant challenge, keeping prices under heavy pressure.