Pulses: Canada's pea prices under pressure
October 27, 2025 at 11:42 AM ,
Der AUDITOR
Active market for animal feed
The Canadian chickpea market is currently stable, according to experts at Rayglen Commodities. Prices are based on the quality and size of the goods and are around CAD 0.30-0.31/lb FOB farm. The feed markets are more active, however, as growers are looking for buyers for chickpeas with a high green content etc. Bids are rather low, ranging from CAD 0.09/lb to CAD 0.15/lb FOB farm. Buyers are sometimes willing to pay higher prices for good quality.
There has been virtually no movement on the Indian chickpea market over the past week, as India celebrated the Diwali festival, during which trade largely comes to a standstill. This year's production here is estimated at around 7 million mt, and prices have been moving within a narrow range for some time. A large crop is also expected in Australia, and duty-free yellow peas from producing countries such as Canada, Russia and Ukraine are putting additional pressure on prices.
|
Chickpeas, India |
|
|
Type |
USD/mt |
|
42-44 (12 mm) |
1,350 |
|
44-46 (11 mm) |
1,335 |
|
46-48 (10 mm) |
1,325 |
|
58-60 (9 mm) |
1,270 |
|
60-62 (8 mm) |
1,260 |
|
62-64 (<8 mm) |
1,250 |
|
FOB India |
|
Supply and demand for lentils balanced
Rayglen also reports that the lentil markets are largely stable with only minor price fluctuations. Supply and demand are balanced here, and many growers are taking advantage of even slight price increases to offer more goods. However, market experts also emphasise that the lentil market will face various challenges in the 2025/26 season. The large crop in Canada ensures more than sufficient availability, and competitive pressure from other exporting countries is high. Demand from overseas also has room for improvement. Prices for red lentils are stable at around CAD 0.22/lb FOB farm, while large green lentils cost around CAD 0.28/lb FOB farm.
Tariffs pose a hurdle for pea exporters
The Canadian pea market is also relatively quiet. According to market experts, export tariffs continue to pose a major obstacle and prevent stronger price increases. China's import tariffs remain unchanged for the time being, and India is also considering imposing its own tariffs, which, according to Rayglen, would have a significant impact on Canada's pea markets. If the situation remains unchanged, pea prices in Canada could remain under pressure throughout the season.
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