Kanpur. The domestic pea market witnessed a recovery trend this week, driven by a slowdown in selling at lower rates and an increase in demand. Arrivals of peas in producing markets remain limited, providing strong support to the market from the supply side. Amid the ongoing rally in gram (chana) prices, pulse mills have stepped up their pea purchases; this increased buying activity has strengthened the market and led to a rise in prices. Traders believe that if arrivals remain restricted and demand from pulse mills persists, pea prices could continue to strengthen in the near term. Due to subdued selling by importers and improved buying interest, prices of imported peas rose by ₹100–₹125 per quintal during the week; by the weekend, rates at Mundra Port stood at ₹4,025 per quintal for Canadian peas and ₹3,925 per quintal for Russian peas. Meanwhile, at Hazira Port, prices reached ₹4,025–₹4,050 per quintal for Canadian peas and ₹3,950 per quintal for Russian peas.

Demand also improved in domestic markets this week. Driven by increased buying, the price of Kanpur peas rose by ₹50 per quintal to reach ₹4,250 per quintal. Similarly, prices for Lalitpur peas increased by ₹100, reaching a range of ₹3,950–₹4,700 per quintal. Due to reduced selling and increased buying, prices in Orai and Mahoba markets rose by ₹100 per quintal; rates settled at ₹3,800–₹4,000 per quintal in Orai and ₹4,000–₹4,600 per quintal in Mahoba. Likewise, a rise of ₹100 per quintal was observed for Rath peas, bringing prices to the ₹4,000–₹4,500 per quintal range. Supported by a broad-based market rally and improved demand, pea prices in Madhya Pradesh's *mandis* (wholesale markets) rose by ₹100 per quintal; rates settled at ₹3,900–₹4,300 per quintal in Bina and ₹3,800–₹4,300 per quintal in Damoh.

Pea prices in Western Canada remain stable due to sluggish trading activity. Although production is expected to decline due to reduced sowing and weather-related challenges, the market remains under pressure from large stocks carried over from the previous season and the arrival of the new crop next month. Meanwhile, good yields are anticipated in Russia and adequate supplies are expected from Australia; conversely, imports into Europe may rise as crops there have been affected by heat and drought. Traders believe that the direction of the pea market in the near term will depend on the balance between global supply and demand.

Driven by increased buying, prices of pea split pulse rose by ₹50–₹100 per quintal during the week; by the weekend, rates stood at ₹4,600–₹4,700 per quintal in Kanpur and ₹4,700–₹4,800 per quintal in Indore.