Slowdown in the pace of price increase for yellow peas in Canada

28-Jan-2026 05:29 PM

Saskatoon. Supported by positive sentiment from China, the price of yellow peas in Canada had begun to rise, but large stocks and buyer indifference at higher prices have slowed the pace of the increase. Experts say that if the current price level is maintained, there will be no reduction in the area planted with peas in Canada this year.

According to a leading analyst, most buyers have become less active. The price of yellow peas has improved to $7.50-8.00 per bushel, while the delivery price is around $8.25 per bushel, and the free-on-board farm price is also in the same range.

Canadian pea exporters are facing tough challenges and stiff competition from Russia. For the past several months, Canadian pea exports to China have been almost at a standstill, as a result of which Chinese exporters have strengthened their position there. Canada will have to make renewed and strenuous efforts to promote exports to China to achieve any success.

On January 16, 2026, an agreement was reached between Canada and China on reducing import duties on each other's products, which is scheduled to come into effect on March 1, 2026.

Under this agreement, China has agreed to reduce the customs duty on imports of yellow peas, canola, and canola meal from Canada from 100 percent to 15 percent.

According to analysts, although the price of peas has improved, some Canadian farmers may hesitate to plant them. Pea and lentil planting is scheduled to begin in April. The crop rotation process will continue in the 2026-27 season as well.

As far as India is concerned, there is no likelihood of any major change in its pea import policy in the near future. Only yellow peas are allowed to be imported into India, and they are subject to a 30 percent customs duty.