Peas and lentils: comfortable supply situation
June 17, 2026 at 4:27 PM ,
Der AUDITOR
Pea prices follow a seasonal trend
Following sowing delays, particularly in the north and east of Saskatchewan, warm and windy weather conditions at the end of May helped to get work in the fields moving again.
Despite strong export demand from China in April, Canadian pea prices are now following their typical seasonal downward trend. Prices for old-crop stocks are trending lower, while yellow peas from the coming crop are trading higher at CAD 8.00-9.00/bu. Green peas are trading at around CAD 9.50/bu delivered, whilst maple peas are trading at between CAD 9.50 and 11.00/bu ex farm, depending on the variety, according to the experts at Rayglen Commodities.
High supply limits upside potential
The lentil market continues to be characterised by a subdued trend. With the onset of the summer months, marketing green lentils from the old crop is proving increasingly difficult. Many buyers have already met their short-term requirements and are waiting for the new crop to become available.
According to Rayglen Commodities, the current comfortable supply situation is leading to a stable to slightly weaker market trend overall. For the 2026/27 marketing year, the highest export volumes since the 2019/20 season are expected. This is primarily attributed to lower production in India. At the same time, a significant increase in supply is anticipated in Turkey – for both red and green lentils. As a result, global availability is likely to remain above average.
Particular attention is being paid to the abundant stocks of green lentils from last year’s crop. Demand for the new crop is already outstripping that for the old crop. A wider price difference between old and new stock is therefore expected for the coming season. Only a poor-quality crop could temper this trend. Large green lentils for immediate shipment are currently trading at CAD 0.21-0.23/lb FOB farm, whilst the new crop for shipment in September–December is quoted at CAD 0.23-0.24/lb.
Whilst green lentils are coming under pressure due to high supply, the market for red lentils remains comparatively stable. Attention is increasingly turning to weather conditions in India and Australia. A possible El Niño phenomenon during the growing season could affect yields in both countries and thus influence international market supply.
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