Weekly Review: Peas
30-Mar-2026 12:50 PM
Pea Market Softens; Pressure Persists Amidst Weak Demand
Kanpur: A softening trend was observed in the pea market during the current week. Prices witnessed a decline due to increased selling pressure at elevated levels and a weakening in buying activity by purchasers. The market remained under pressure throughout the week, lacking adequate demand support at higher price levels. During this period, buying activity by millers and stockists remained limited, failing to provide the market with the expected support. Buyers are currently adopting a cautious stance and refraining from large-scale purchases, resulting in a sluggish atmosphere within the market. However, the fundamental outlook of the market still appears strong. It is estimated that domestic production of white peas this year may be lower compared to the previous year. Additionally, the arrival of white peas in producing *mandis* (markets) has been significantly low, maintaining pressure on the supply side. On the other hand, the arrival of green peas remains robust; however, its direct impact on the white pea market remains limited. Experts believe that since the demand and usage patterns for both varieties differ, the increased arrival of green peas does not exert significant downward pressure on white pea prices. The influence of the international market may also become apparent in the near future. As imports have become more expensive, the likelihood of cheap supplies entering the market has diminished—a development considered a positive signal for the domestic market.
Due to increased selling by importers and a decline in their buying activity, the prices of imported peas recorded a drop of ₹50–100 per quintal during the current week. Following this decline, by the weekend, prices at the Mumbai port settled at ₹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 ₹4,025 per quintal for Canadian peas and ₹3,925 per quintal for Russian peas. A similar downward trend was also observed in the domestic market this week. In Kanpur, pea prices witnessed a decline of ₹50 per quintal this week, settling at ₹4,250–₹4,300 per quintal by the weekend. Similarly, at the Lalitpur market, pea prices dropped by ₹50 per quintal, ending the week at ₹3,700–₹4,100 per quintal. In Mahoba, prices fell by ₹100 per quintal this week, closing at ₹4,000–₹4,500 per quintal. Due to persistently sluggish demand, Rath pea prices saw a decline of ₹200 per quintal this week, finishing the weekend at ₹3,800–₹4,000 per quintal. Influenced by a broad-based downward trend and continued weak demand, pea prices from Madhya Pradesh recorded a softening of ₹50 per quintal this week; following this decline, prices at the weekend stood at ₹3,900–₹4,250 per quintal in Damoh and ₹3,800–₹4,100 per quintal in Bina.
Split Peas (Matar Dal)
Owing to continued sluggish demand, pea dal prices witnessed neither a rise nor a fall during the current week, remaining stable at the weekend at ₹4,500–₹4,700 per quintal in Kanpur and ₹4,600–₹4,800 per quintal in Indore.
