Weekly Review: Peas
11-Apr-2026 08:41 PM
Pea Prices Decline Amidst Weak Buying and Increased Selling
Kanpur: Throughout the current week, the pea market remained under pressure, leading to a downward trend in prices. Due to increased selling pressure and weak buying interest from purchasers, the market remained sluggish throughout the week, and a softening in rates was recorded. From the very beginning of the week, the market failed to receive adequate support from demand at higher price levels, preventing any upward momentum from being sustained. Adopting a cautious stance, buyers largely refrained from making large-scale purchases, thereby perpetuating a sluggish atmosphere in the market. Buying activity from millers and stockists also remained limited, denying the market the expected support. Despite arrivals in the *mandis* (wholesale markets) remaining at normal levels, a lack of demand persisted; this led to continuously mounting supply pressure, which subsequently impacted prices. Overall, the current week proved to be weak for the pea market, witnessing a decline in prices—driven by increased selling and limited buying—and a prevailing atmosphere of sluggishness.
Canada
Pea prices in Western Canadian markets have remained stable due to weak domestic and export demand. Farmers in Saskatchewan and Alberta have commenced preparations for the new crop, resulting in limited market arrivals. Prices for yellow peas were observed at approximately $8.50 per bushel in Saskatchewan and up to $9 per bushel in Alberta. Meanwhile, contracts for the new crop are reportedly being finalized within the range of $7 to $8 per bushel. Green peas are currently trading at levels between $10 and $11 per bushel, while Maple peas are trading between $11 and $12 per bushel. Sowing is expected to begin in Canada and the U.S. in April—gaining momentum in May—with the new crop likely to hit the market in August or September. Due to increased selling pressure from importers and persistently sluggish demand, a decline of ₹75–100 per quintal was recorded in the prices of imported peas during the current week. Following this downturn, prices at the week's end stood at ₹4,050 per quintal for Canadian peas and ₹3,900 per quintal for Russian peas at Mundra Port; similarly, at Hazira Port, prices settled at ₹4,075 per quintal for Canadian peas and ₹4,000 per quintal for Russian peas. Driven by heightened selling pressure from stockists and continued weak buying activity, a drop of ₹150 per quintal was recorded in the prices of Kanpur peas this week, bringing the rates down to ₹4,200 per quintal. Similarly, the prices of Lalitpur peas also declined by ₹50–100 per quintal, settling within the range of ₹3,850–₹4,100 per quintal by the end of the week. A decline of ₹200 per quintal was recorded in Koch peas this week, bringing the price down to ₹3,800 per quintal. Likewise, Rath peas also saw a reduction of ₹150 per quintal, settling at ₹4,000 per quintal by the week's end. Due to a continued lack of consumer buying interest, Mauranipur peas also witnessed a decline of ₹200 per quintal, with prices settling between ₹3,800 and ₹4,000 per quintal by the end of the week. Influenced by a broad-based downward trend, a softening of ₹50–100 per quintal was also recorded in the prices of Madhya Pradesh peas; following this moderation, prices at the week's end stood at ₹3,800–₹4,100 per quintal in Bina and ₹3,700–₹4,250 per quintal in Damoh.
Pea Dal (Split Peas)
Due to persistently sluggish demand, a decline of ₹200 per quintal was observed in the prices of pea dal during the current week. By the end of the week, prices settled between ₹4,400 and ₹4,600 per quintal in Kanpur, and between ₹4,600 and ₹4,700 per quintal in Indore.