★ The Canadian dry pea market is under pressure due to increased supply. Exports are estimated at around 2.5 million tonnes (25 lakh tonnes), with China and India as key buyers. However, exports during August–December stood at 1.13 million tonnes (11.3 lakh tonnes), about 0.3 million tonnes lower than the same period last year.

★ Higher production in Western Canada is expected to push carry-out stocks to record levels, keeping prices कमजोर. In February, ★ Saskatchewan prices showed green peas steady, while yellow peas increased by $15/tonne. Green peas are expected to maintain a premium of about $110/tonne.

★ A major pressure factor is the expectation of a larger pulse crop in India, which may reduce demand for Canadian exports. However, stronger demand from China and the US is providing some support to the market.

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★ The seeded area in Canada is expected to decline to 1.25 million hectares (12.5 lakh hectares), with production likely to fall to 2.95 million tonnes (29.5 lakh tonnes). Despite this, total supply is expected to decline only marginally (around 4%) due to high opening stocks. Exports are projected to rise to 2.7 million tonnes (27 lakh tonnes), while carry-out stocks may fall below 1.0 million tonnes (10 lakh tonnes).

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★ US dry pea production is estimated at 0.84 million tonnes (8.4 lakh tonnes), up 9% from last year. Canadian exports to the US have increased to about 0.062 million tonnes (0.62 lakh tonnes).

★ Currently, higher supply and weaker demand are keeping the market under pressure. However, in 2026-27, lower production and stronger exports are expected to gradually support prices.