Rising Global Pea Supply to Pressure Prices

26-Sep-2025 05:43 PM

Regina. Reports on average yields clearly indicate that pea production and supply availability will increase in countries like Russia, Canada, and the United States during the current year.

These three countries are major pea producers and exporters, and improved production there will lead to higher exportable stocks.

Intense competition among these countries to increase their exports to the global market is likely to put pressure on pea prices.

China has imposed a hefty 100 percent import duty on Canadian pea imports, despite being a major buyer. According to analysts, the Canadian pea market has been under significant pressure for some time now, as India is also showing less interest in purchasing peas.

The Indian government is being pressured to impose a hefty import duty on peas. Some believe the government may take a decision on this issue after Diwali.

Kharif pulse prices have fallen below the minimum support price, and Rabi pulse sowing may pick up by then. If India increases customs duties on peas or imposes non-tariff controls, Canada will face significant difficulty exporting its large stock.

In Western Canadian markets, yellow peas are currently trading at $6.40-$6.75 per bushel, and green peas are trading at $9.50-$10.00 per bushel, with a 3% husk content.

The price of maple peas has also fallen to $9.00-$9.50 per bushel. Pea prices appear to have stabilized after the initial decline, but a pick-up in trade is unlikely in the near future, as demand is expected to remain weak compared to the large supply and availability.