Kanpur. Throughout the current week, the pea market remained under pressure, leading to a downward trend in prices. Due to increased selling activity and weak buying interest from purchasers, the market remained sluggish throughout the week, and a softening in rates was recorded. From the very beginning of the week, the market failed to receive adequate support from demand at higher price levels, preventing any upward momentum from sustaining itself. Adopting a cautious stance, buyers largely refrained from making significant purchases, contributing to the continued sluggishness in the market. Buying activity from millers and stockists also remained limited, denying the market the expected support. Despite arrivals in the *mandis* (wholesale markets) remaining at normal levels, a persistent lack of demand prevailed; this led to mounting pressure from supply, which subsequently impacted prices. Overall, the current week proved to be weak for the pea market, witnessing a decline in prices—driven by increased selling and limited buying—and a prevailing atmosphere of sluggishness. Due to increased selling pressure from importers and persistently sluggish demand, a decline of ₹50 per quintal was recorded in the prices of imported peas during the current week. Following this decline, prices at the week's end stood at ₹3,875–₹3,900 per quintal for Canadian peas and ₹3,975–₹4,000 per quintal for Russian peas at Mundra Port; similarly, at Hazira Port, prices settled at ₹4,025–₹4,050 per quintal for Canadian peas and ₹3,875–₹3,900 per quintal for Russian peas. Driven by increased selling pressure from stockists and continued sluggish buying, a softening of ₹25 per quintal was recorded in the prices of Kanpur peas this week, bringing the rates down to ₹4,250 per quintal. Similarly, the prices of Lalitpur peas also declined by ₹50–₹100 per quintal, settling at ₹3,700–₹4,150 per quintal by the end of the week. Rath peas also saw a decline of ₹100 per quintal, ending the week at ₹4,100 per quintal. Due to a continued lack of buying interest, prices for Mauranipur peas witnessed a decline of ₹50 per quintal, settling at ₹3,900–₹4,000 per quintal by the end of the week. Impacted by this broad-based downturn, prices for Madhya Pradesh peas also recorded a slump of ₹50–₹75 per quintal; consequently, prices at the week's close stood at ₹3,800–₹4,200 per quintal in Bina and ₹4,000–₹4,225 per quintal in Damoh.

Due to seasonal factors, markets in Western Canada are observing a softening in both the demand for and prices of peas. Yellow peas remain steady at $8.40–$8.50 per bushel, green peas at approximately $10 per bushel, and Maple peas at $11.00–$12.00 per bushel. According to trade analysts, there are indications of rising demand in China and India; however, an expansion in the sowing area in Russia could lead to increased production. As a result, Canada may face stiff competition in the global market. Pea sowing has already commenced in Canada, and weather conditions remain favorable. The new crop is expected to begin arriving in the markets starting in August. In forward contracts for the upcoming crop, yellow peas are trading at levels of $7–$8 per bushel, green peas at $9 per bushel, and Maple peas at $10.00–$11.50 per bushel.

With demand remaining sluggish, prices for split peas (Matar Dal) witnessed a decline of ₹100 per quintal during the current week; by the week's end, prices had settled at ₹4,400–₹4,600 per quintal in Kanpur and ₹4,600–₹4,700 per quintal in Indore.