Weekly Review: Peas
16-May-2026 09:39 PM
Peas Show Upward Trend; Buyers Active
Kanpur: During the current week, an improvement in pea prices was recorded as selling pressure eased at lower price levels and demand witnessed a recovery. With prices having dropped to significantly low levels in recent days, buyer activity in the market has intensified, thereby providing support to prices. According to trade sources, current price levels appear profitable for traders, leading to a noticeable uptick in buying activity. Robust local and inter-state demand is expected to foster a bullish sentiment within the market.
Due to reduced selling by importers and increased buying interest, the prices of imported peas registered an improvement of ₹25–50 per quintal during the current week. Following this recovery, prices at the week's end stood at ₹4,025 per quintal for Canadian peas and ₹3,900–3,925 per quintal for Russian peas at Mundra Port; similarly, at Hazira Port, prices reached ₹4,050–4,075 per quintal for Canadian peas and ₹3,925–3,950 per quintal for Russian peas. Driven by increased buying from stockists, Kanpur peas recorded a rise of ₹50 per quintal this week, bringing the price to ₹4,300 per quintal. Similarly, the price of Lalitpur peas rose by ₹50 per quintal, settling at ₹3,850–4,250 per quintal by the week's end. In contrast, Rath peas witnessed a decline of ₹200 per quintal, closing the week at ₹3,800–4,300 per quintal. Fueled by increased buying, Mauranipur peas also saw a surge of ₹100 per quintal, reaching a price range of ₹4,100–4,200 per quintal by the end of the week. With both buying and selling activities remaining subdued, the prices of Madhya Pradesh peas showed no fluctuation this week; at the week's close, prices stood at ₹3,800–4,000 per quintal for Bina and ₹3,500–4,200 per quintal for Damoh.
Canada
According to the latest report by the Canadian Grain Commission (CGC), a significant increase was recorded in the bulk loading of peas through licensed facilities for export purposes in March 2026. During the first eight months of the current marketing season—specifically from August 2025 to March 2026—a total of 1.94 million tonnes of peas were loaded from Canada; this figure represents an increase of approximately 35 percent compared to the 1.434 million tonnes loaded during the same period the previous year. According to trade sources, the pace of pea exports from Canada has accelerated due to a recovery in global demand and competitive pricing. Canada is recognized as a leading global producer and exporter of pulses, a status that gives its supply a significant influence on the international market. According to experts, discrepancies are often observed between the export data reported by the CGC and that reported by Statistics Canada. This divergence arises because Statistics Canada's figures are based on the dates of the Bills of Lading, whereas the CGC's assessments are based on the actual physical loading of cargo onto vessels and the subsequent departure process.
Split Peas (Matar Dal)
Amidst continued sluggish demand, prices for split peas (Matar Dal) witnessed fluctuations of ±₹50 per quintal during the current week. By the end of the week, prices settled at ₹4,600–₹4,700 per quintal in Kanpur and ₹4,700–₹4,800 per quintal in Indore.