Kanpur. A sluggish trend prevailed in the domestic pea market throughout the week. No significant price fluctuations were observed due to limited activity from both buyers and sellers. Demand for peas was impacted by need-based buying from pulse mills and weakness in the gram (chana) market, preventing the market from receiving expected support. According to traders, selling by stockists has increased following a recent rally, while buyers are avoiding purchases at higher price levels. This has created an imbalance between supply and demand. However, the likelihood of a sharp decline is considered limited for now, given the potential for demand to emerge at lower price levels. Selling pressure persisted for imported peas as well; prices for imported peas dropped by ₹50 per quintal during the week. By the weekend, Canadian peas were quoted at ₹3,950 per quintal and Russian peas at ₹3,800 per quintal at Mundra Port. Meanwhile, at Hazira Port, Canadian peas traded at ₹3,950 per quintal and Russian peas at ₹3,875 per quintal.

Due to continued sluggish demand, pea prices in Kanpur remained unchanged this week, holding steady at ₹4,225 per quintal. In contrast, prices in Lalitpur rose by ₹50, settling at ₹3,900–₹4,400 per quintal. Similarly, prices rose by ₹100 to ₹4,000–₹4,400 per quintal, while in Mauranipur, prices fell by ₹75, recording a range of ₹3,950–₹4,050 per quintal.

Demand remained weak in Madhya Pradesh markets as well, resulting in no significant movement in pea prices; by the weekend, peas were trading at ₹3,800–₹4,000 per quintal in Bina and ₹3,800–₹4,100 per quintal in Damoh. Pressure on the pea market is likely to persist until there is a significant improvement in the demand for pulses. However, increased buying at lower price levels offers the possibility of limited market support.

The pea market in Canada remains under pressure due to expectations of the new crop and weak demand. The upcoming Statistics Canada report, due next week, is expected to provide a clear picture of the sowing acreage for various pea varieties. Current estimates suggest that yellow pea acreage will remain on par with last year, while the area for green and maple peas may see a slight decline. Market experts view this reduction in sowing area as positive for the supply-demand balance, given the substantial carryover stocks of green and maple peas. Trading in old stocks remains sluggish as buyer attention shifts toward the new crop. Currently, yellow peas are trading at $7.50–$8.25 per bushel in Canada, while maple peas are trading between $10 and $11 per bushel. Arrivals of the new pea crop are expected to begin in August 2026.

Due to sluggish demand, pea split prices declined by ₹50–₹100 per quintal during the week; by the weekend, prices stood at ₹4,500–₹4,650 per quintal in Kanpur and ₹4,700–₹4,800 per quintal in Indore.