Kanpur. Pea prices rose this week due to the imposition of the import duty, resulting in weak selling by importers and stockists. Pea prices rose significantly during the current week. The Revenue Department of the Union Finance Ministry issued a notification on Wednesday announcing a total import duty of 30 percent on yellow peas. According to the ministry, this duty includes a 10 percent customs duty and a 20 percent Agriculture Infrastructure and Development Cess (AIDC). The new duty will be effective from November 1, 2025. The government has also clarified that no duty will be applicable on bills of lading issued until October 31, 2025. Previously, the duty-free exemption on yellow peas imports was extended until March 31, 2026, but this has now been reduced to October 31, 2025. The 30% import duty, effective November 1, 2025, has created a bullish sentiment in the pea market.

Due to weakening import sales and strengthening buying pressure, imported pea prices rose by ₹175/250 per quintal this week, reaching ₹3650/Russia ₹3575 per quintal at the weekend in Mumbai, ₹3525/Russia ₹34150/Russia ₹3475 per quintal at the weekend. Similarly, pea prices in Kolkata also rose by ₹200/250 per quintal at the weekend, reaching ₹3900/Russia ₹3700/Russia ₹375 ... Due to calming selling by stockists and improved demand, Kanpur pea prices increased by Rs. 150 per quintal during the current week, reaching Rs. 3700/3750 per quintal at the weekend. Similarly, Lalitpur pea prices also saw a significant jump of Rs. 200/400 per quintal this week, reaching Rs. 3350/3650 per quintal at the weekend. Due to increased buying, Rath pea prices increased by Rs. 200 per quintal this week, reaching Rs. 3200/3450 per quintal at the weekend. Similarly, Mahoba pea prices also increased by Rs. 150 per quintal this week, reaching Rs. 3300/3500 per quintal at the weekend. Due to increased demand, Mauranipur pea prices increased by Rs. 300 per quintal this week, reaching Rs. 3200/3400 per quintal at the weekend. Supported by an all-round rally and continued good buying, the prices of peas in Madhya Pradesh witnessed a sharp jump of Rs 200/500 per quintal this week, and the prices reached Rs 3200/3500 in Bina and Rs 3250/3425 per quintal in Damoh at the weekend.

Supported by the rally in peas and weakening selling by dal millers, the prices of peas registered a good jump of Rs 300/400 per quintal during the current week, and with this rise, the prices reached Rs 4000/4050 in Kanpur and Rs 4200/4250 per quintal at Indore at the weekend.