Pea prices stable in Canada due to weak demand from China and India

31-Mar-2025 05:55 PM

🇨🇦 Pea Prices in Canada Remain Stable Amid Weak Demand from India & China

📍 Vancouver: Pea prices in Western Canada have remained stable or slightly soft due to sluggish demand from India and China—the two largest buyers.

📉 Key Market Trends

🔹 India's Low Demand:

  • Sufficient stocks of previously imported peas.

  • New domestic crop arrivals reducing the need for imports.

  • Soft pulses market affecting overall demand.

🔹 China Prefers Russian Peas:

  • Importing more peas from Russia instead of Canada.

  • Low demand for Canadian green peas, though other countries are buying in small quantities.

🔹 Price Movements:

  • Green Peas: 📉 Fell from $17-18 to $16 per bushel.

  • Yellow Peas: 📉 Dropped from $10.50-11.00 to $9.50-10.00 per bushel.

  • Eastern Saskatchewan's new crop prices also stand at $9.50-10.00 per bushel.

📢 India’s Policy & Market Impact

🟢 India's duty-free import window for yellow peas extended until May 31, 2025.
🟢 Domestic supply remains strong, keeping prices low.
🟢 10% import duty on Bengal gram discouraging Australian imports.

🚜 Uncertainty in Canada’s Pea Sowing Area

❓ Farmers may reconsider pea planting for the 2025-26 crop season due to weak export demand.
❓ Global export conditions remain uncertain, influencing planting decisions.

📊 What’s Next?

  • 📌 Will demand pick up later in the year?

  • 📌 How will Canada's planting decisions shift?

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