Kanpur. The peas market witnessed a downward trend this week due to increased selling at high price levels and subdued buying interest. Prices remained under constant pressure owing to limited buyer activity and weak demand from pulse mills. Selling by traders and stockists has intensified following the recent rise in pea prices. Conversely, buyers are avoiding purchases at these high levels, creating an imbalance between supply and demand. The ongoing decline in the gram (chana) market also impacted peas; the weak trend in gram led to reduced buying of peas by pulse mills, depriving the market of expected support. Prices remained soft across major trading centers due to sluggish demand. Market experts note that pulse mills are currently purchasing only to meet immediate requirements. Pressure on pea prices is likely to persist until demand for pulses improves. However, the likelihood of demand emerging at lower price levels suggests that the risk of a sharp decline remains limited. Prices of imported peas fell by ₹50 per quintal during the week due to weak buying interest; by the weekend, rates stood at ₹4,025 (Canadian) and ₹3,925 (Russian) per quintal at Mundra Port, and ₹4,050 (Canadian) and ₹3,950 (Russian) per quintal at Hazira Port. Increased selling by stockists caused a ₹50 per quintal drop in Kanpur pea prices, bringing them to ₹4,350 per quintal. Similarly, prices for Lalitpur peas fell by ₹50, settling at ₹3,900–₹4,350 per quintal by the weekend. Due to sluggish buying, Rath pea prices dropped by ₹200 per quintal, closing the week at ₹4,050–₹4,300 per quintal. Similarly, prices for Mauranipur peas dropped by ₹150 per quintal, settling at ₹4,000–₹4,175 per quintal by the weekend. Due to sluggish buying, prices for Madhya Pradesh peas fell by ₹50 per quintal this week; by the weekend, rates stood at ₹3,800–₹4,200 per quintal in Bina and ₹3,800–₹4,150 per quintal in Damoh.

Pea exports from Canada remain satisfactory, and global market prices have stayed stable despite limited buying from China. According to market experts, adverse weather conditions in key producing regions of Canada and Europe are posing challenges for crops. Rising temperatures in Europe could impact pea yields and quality, potentially leading to increased pulse imports in the region. Regarding India, trade circles believe that if Kharif pulse crops—particularly Tur (pigeon pea) and Urad (black gram)—are affected by a weak monsoon, the need for pulse imports could rise in the upcoming season. Currently, the global market is closely monitoring weather conditions and production prospects.

Due to sluggish demand, prices for split peas (matar dal) declined by ₹50–₹100 per quintal during the week; by the weekend, rates stood at ₹4,550–₹4,650 per quintal in Kanpur and ₹4,750–₹4,850 per quintal in Indore.