★ Canada’s dry pea exports are projected to rise to 2.7 million tonnes (Mt) in the 2025-26 season, supported by strong demand from Pakistan, Bangladesh, China, and the United States. During the August-April period, Canadian pea exports to the US reached 133,000 tonnes, significantly higher than the previous year despite a larger US pea crop.

★ Despite stronger exports and higher domestic consumption, Canada is expected to end the season with record carry-out stocks. As a result, average prices for both yellow and green peas are expected to remain weaker than in 2024-25. The premium for green peas over yellow peas has narrowed to around $100 per tonne, compared with $208 per tonne in 2024-25.

★ For 2026-27, Canadian dry pea acreage is forecast to decline by 12% to 1.25 million hectares as farmers shift to alternative crops following lower returns in the previous season. Saskatchewan is expected to account for 48% of the seeded area, while Alberta will represent 47%.

★ Due to the lower acreage, dry pea production is projected to fall to 2.95 Mt in 2026-27. However, the impact on overall supplies will be limited because of large opening stocks. Exports are forecast to remain steady at around 2.7 Mt, while carry-out stocks are expected to decline sharply to 0.61 Mt from the previous year's record levels.

★ Lower production and tightening inventories are expected to support a recovery in average dry pea prices during 2026-27. In the United States, dry pea acreage is expected to remain largely unchanged, but production is forecast to increase by 6% to 0.89 Mt. The US is also expected to continue exporting limited volumes of green peas to China, the Philippines, and Canada, helping maintain its share in the global market.