Pea Prices Weaken in Canada on Higher New Arrivals
28-Aug-2025 12:19 PM
Saskatoon. The last week of August is going on and the preparation for harvesting of pea crop in Canada has started gaining momentum. There are signs of softening of prices due to increase in supply of new goods in the markets and weak demand.
The yield rate of early harvested peas in the most prominent producing province- Saskatchewan is seen to be quite good. Importers from China are not showing interest in buying Canadian peas, while the demand is also very weak in other importing countries including India.
As a result, the export business of peas in Canada has slowed down considerably. There is no business in Maple peas.
Although the time period for duty-free import of yellow peas in India has been extended till 31 March 2026, but due to the ongoing sluggishness in the domestic pulses market, importers are not showing the expected activity in its import.
On the other hand, the production of peas in Russia is estimated to be around 45 lakh tonnes, due to which Canadian exporters will have to face tough competition and tough challenge from Russia in other major markets including India. Russian peas are relatively cheaper.
In different parts of Saskatchewan province, the price of green peas of No. 2 or better quality (with a maximum of 3% bleach) is ranging between $10.50 on the lower side and $12.50 on the higher side per bushel.
This FOB price of green peas is being quoted on the basis of the needs of the buyers and the distance of the importing countries. On the other hand, the FOB farm price of yellow peas has come down to a low level of $7.00-7.50 per bushel.
There is a lack of buyers even at this price level, due to which the Canadian producers are quite worried. In the last few days, the price of yellow peas has fallen by up to $1 per bushel.
The price of green peas remains at a very high level as compared to yellow peas. There is no possibility of a sharp rise in the market price of peas there in the near future because the arrival of new goods will keep increasing.