Kanpur. Pea prices continued to trend upwards this week, driven by sustained demand and sluggish selling pressure. Prices are gaining strength due to the continuously dwindling availability of peas in the market. The supply of imported peas at ports is declining as shipments from Canada and Russia have been disrupted. Given the limited arrivals and constrained supply, selling activity by stockists and importers remains subdued. With limited stocks available, traders are hesitant to sell easily, even at higher prices. Meanwhile, pea availability in producing markets is negligible, easing supply pressure in the domestic market. Limited arrivals mean that adequate quantities are not reaching the markets and distribution centers. Additionally, the rise in gram (chana) prices is impacting the pea market; high gram prices have kept pulse millers active in the pea market. The market imbalance—caused by sustained demand from millers amidst limited availability—is bolstering pea prices. Due to weak selling by importers and strong buying interest, imported pea prices rose by ₹100 per quintal this week; by the weekend, prices at Mundra port stood at ₹4,750–₹4,800 per quintal for Canadian peas and ₹4,550–₹4,600 per quintal for Russian peas. Similarly, prices at Hazira and Mundra ports settled at ₹4,750–₹4,800 per quintal for Canadian peas and ₹4,550–₹4,600 per quintal for Russian peas.

Pea prices also trended upwards in domestic markets this week, driven by sustained buying and improved demand. Supported by strong demand, prices in key producing and distribution markets rose by ₹100 to ₹200 per quintal. Pea prices in the Kanpur market rose by ₹100 per quintal to reach ₹4,925 per quintal. Similarly, a rise of ₹100 was recorded in the Lalitpur market, with prices reaching ₹4,300–₹4,650 per quintal. Due to subdued selling and increased buying, pea prices in the Orai and Mahoba markets saw a significant increase of ₹150–₹200 per quintal. Prices rose to ₹4,200–₹4,500 per quintal in Orai and ₹4,400–₹5,000 per quintal in Mahoba. In the Rath market too, pea prices increased by ₹100 per quintal, reaching ₹4,300–₹4,600 per quintal. Likewise, the upward trend seen in Uttar Pradesh markets was also reflected in the markets of Madhya Pradesh. Supported by this broad-based rise and improved demand, pea prices in key Madhya Pradesh markets improved by approximately ₹200 per quintal. Prices reached ₹4,000–₹4,600 per quintal in the Bina market and ₹4,100–₹4,600 per quintal in Damoh.

According to a Canadian trade analyst, yellow pea prices in India reached their highest level since June 2024. The market is being supported by disruptions to shipments from the Black Sea region and limited global stocks. With an average yield of 36.7 bushels per acre and a 16% reduction in sowing area, yellow pea production in Canada is estimated to fall by 27% to approximately 2.31 million tonnes. Green pea production is also expected to decline by 22% to around 0.45 million tonnes. Demand from China remains strong, while India's demand for Canadian yellow peas is likely to increase due to limited imports from Russia and Ukraine. This could keep pea prices firm in Canada, although a sharp surge is unlikely.

Due to increased buying, prices of split peas rose by ₹100 per quintal during the current week; by the weekend, rates stood at ₹5,500–₹5,600 per quintal in Kanpur and ₹5,600–₹5,700 per quintal in Indore.