Kanpur. The pea market has witnessed a downward trend during the current week. Prices softened due to increased selling pressure and continued weak demand. A lack of buying at higher levels and limited buying prevented the market from consolidating, resulting in continued pressure on prices. Arrivals of new peas have gradually increased in producing markets, strengthening availability. In response to the increasing supply, stockists and importers are actively selling. Due to adequate availability and weak demand, traders are avoiding large-scale purchases and are only transacting as needed, leading to a bearish market. Currently, green pea arrivals in markets across major producing regions remain strong, leading to competitive selling in the wholesale market. Farmers are increasing sales of the new crop, leading to an increase in daily arrivals, which is not supporting prices. Additionally, processing and trade demand remains limited due to weaker-than-normal offtake of finished goods.

China's decision to lift the 100% import duty on yellow peas imported from Canada from March 1, 2026, until December 2026, has signaled a boom in the international pea market. The removal of the tariff will make Canadian peas cheaper for China, potentially increasing import demand, as China is a major consumer of peas for its food processing and starch industries. Potentially increased Chinese purchases could strengthen global demand and support prices by reducing supply pressures. This could also have a positive impact on the Indian pea market, where traders and millers are now closely monitoring actual Chinese purchases.

Due to continued selling by importers and subdued buying, imported pea prices declined by Rs. 25/50 per quintal during the current week, bringing the weekend prices to Rs. 3950/3975 for Mumbai, Rs. 3950/3975 for Canada, Rs. 3850/3875 for Russia, Rs. 3900 for Mudra, Rs. 3800/3825 for Russia. Similarly, Kanpur pea prices declined by Rs. 100 per quintal this week, reaching Rs. 4050/4075 per quintal at the weekend. Lalitpur pea prices also declined by Rs. 50/100 per quintal this week, reaching Rs. 3400/3700 ​​per quintal at the weekend due to sluggish buying. Similarly, Mahoba pea prices also declined by Rs. 50 per quintal this week, bringing the weekend prices to Rs. 3500/4000 per quintal. Due to sluggish demand, Jalaun peas also saw a decline of Rs 100 per quintal this week, reaching Rs 3500/3650 per quintal at the weekend. Similarly, Orai peas also saw a decline of Rs 50 per quintal, reaching Rs 3700/3800 per quintal at the weekend. Due to the widespread decline and weak demand, pea prices in Madhya Pradesh declined by Rs 50 per quintal this week, bringing the weekend prices to Rs 3400/3500 in Bina and Rs 3400/3700 ​​per quintal in Damoh.

Due to the decline in pea prices and weak demand, pea dal prices declined by Rs 100 per quintal during the current week, reaching Rs 4500/4650 in Kanpur and Rs 4700/4800 per quintal in Indore.