Kanpur: A softening trend in pea prices was observed during the current week. The market witnessed a decline as selling pressure intensified at elevated price levels, while buying activity from purchasers remained subdued. Prices continued to face persistent pressure due to a lack of demand support at higher levels. Buying interest from millers and stockists remained limited during this period, failing to provide adequate support to the market. According to traders, buyers are currently adopting a cautious stance and refraining from large-scale purchases, resulting in continued sluggishness in the market. However, market fundamentals appear robust. Domestic production of white peas this year is estimated to be lower compared to the previous year. Furthermore, arrivals of white peas in key producing markets remain very low, maintaining pressure on the supply side. Conversely, while arrivals of green peas remain strong, their direct impact on the white pea market is limited. Domestic prices are also likely to receive future support as imports become more expensive in the international market. The high cost of imports has reduced the likelihood of cheap supplies entering the market—a development viewed as a positive signal for the trade.

Due to a decline in selling pressure from importers coupled with increased buying activity, the prices of imported peas witnessed an increase of ₹25–50 per quintal during the current week. Following this rise, by the weekend, prices at the Mumbai port reached ₹4,075 per quintal for Canadian peas and ₹3,975 per quintal for Russian peas. Similarly, at the Mundra port, prices were recorded at approximately ₹4,050 per quintal for Canadian peas and ₹3,950 per quintal for Russian peas. In contrast, the domestic market exhibited a downward trend this week. In Kanpur, pea prices declined by ₹50 per quintal this week, settling at ₹4,300–4,350 per quintal by the weekend. Likewise, in the Lalitpur market, pea prices dropped by ₹150 per quintal, ending the week at ₹3,700–4,150 per quintal. Conversely, Mahoba witnessed a surge of ₹200 per quintal this week, with prices rising to reach ₹3,800–4,600 per quintal. As demand remained sluggish, the prices of 'Rath' peas saw no fluctuation this week, remaining stable at ₹4,100–4,300 per quintal by the weekend. Influenced by a broad-based downward trend and persistently weak demand, prices for peas from Madhya Pradesh softened by ₹50 per quintal this week; following this decline, prices by the weekend stood at ₹3,900–4,300 per quintal in Damoh and ₹4,000–4,100 per quintal in Bina.

Due to continued sluggish demand, the prices of pea dal (split peas) witnessed neither a rise nor a fall during the current week, remaining stable by the weekend at ₹4,500–4,700 per quintal in Kanpur and ₹4,600–4,800 per quintal in Indore.