Pressure on Canadian Peas Due to Uncertain Situation in China and India

11-Apr-2025 12:23 PM

Vancouver: Canadian pea exports are facing mounting pressure due to trade tensions with China and policy uncertainty in India.

China has imposed a 100% import duty on Canadian peas and canola as a retaliatory measure, while India’s duty-free import window for yellow peas is set to end on 31 May 2025.

With India seeing strong arrivals of domestic pulses, there's speculation that pea imports may be restricted after May.

The Canadian pea market has slowed due to seasonal factors and global trade uncertainty. This time of year typically brings price fluctuations as attention shifts to sowing and the next crop. However, the Chinese policy has added further downward pressure on prices.

China reportedly has sufficient pea stock for the coming months and is also importing heavily from Russia, which is set to begin new crop arrivals by July-August, reducing its dependence on Canada.

Trade analysts note that export demand for Canadian peas remains weak, with little short-term hope for recovery.

Despite limited trade, FOB prices for yellow peas in Canada have stayed steady at $10 per bushel, while forward contracts for the next crop are $8–9 per bushel. Green peas have dropped slightly to $15.50 per bushel, with next crop prices at $12.50–13.00 per bushel.

Pea sowing has begun in Canada, but earlier optimism about increased acreage is now dampened by global uncertainty.