The global peas market continues to demonstrate resilience, with prices stabilizing despite earlier fluctuations, particularly in key producing and consuming regions like India and Europe. In India, green pea prices have leveled off, trading between USD 43.20–44.50 per quintal at major mandis. The market has absorbed increased arrivals, yet delayed sowing and adverse weather events have constrained overall supply and kept prices buoyant. Traders do not expect a significant short-term decline, reinforced by the consistent demand for both fresh and processed peas. Some wholesale mandis even report modest price increases due to renewed buying interest, with stocks moving briskly in consumption centers.
In parallel, European dried peas markets show stability, with prices for GB-origin marrowfat peas holding firm at EUR 1.34/mt, and a slight decline in Ukrainian green peas, reflecting region-specific supply and quality factors. This overall firmness is underpinned by global consumption trends and delays in Indian harvests, serving as a backstop for prices. With weather uncertainties persisting in major producing regions and inventories being drawn down faster than usual, the outlook for peas remains constructive. The following report provides an in-depth analysis of prices, supply and demand drivers, recent market fundamentals, global production, weather risks, and actionable trading insights for market participants.
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Peas dried
marrowfat
FOB 1.34 €/kg
(from GB)
Peas dried
green
FOB 1.02 €/kg
(from GB)
Peas dried
yellow
98%
FCA 0.30 €/kg
(from UA)
📈 Prices
| Origin | Type | Location | Delivery Terms | Latest Price | Previous Price | Weekly Change | Date | Market Sentiment |
|---|---|---|---|---|---|---|---|---|
| GB | Marrowfat | London | FOB | EUR 1.34/mt | EUR 1.34/mt | 0% | 2025-09-27 | Stable |
| GB | Green | London | FOB | EUR 1.02/mt | EUR 1.02/mt | 0% | 2025-09-27 | Stable |
| UA | Yellow (98%) | Odesa | FCA | EUR 0.30/mt | EUR 0.30/mt | 0% | 2025-09-26 | Stable |
| UA | Green (98%) | Odesa | FCA | EUR 0.41/mt | EUR 0.43/mt | -4.7% | 2025-09-26 | Softening |
| PL | Yellow (98%) | Kiełczygłow | FCA | EUR 0.35/mt | EUR 0.37/mt | -5.4% | 2025-09-01 | Softening |
| IN | Green (mandi) | Key States | Spot | USD 43.2–44.5/qtl | USD 43–44.2/qtl | +0.6% | Sep 2025 | Firm |
🌍 Supply & Demand Drivers
- Delayed sowing and adverse weather in Indian producing regions restrain supply, supporting domestic and regional prices.
- Arrivals in Indian wholesale markets have increased, but are offset by steady consumer demand—especially for green and processed peas.
- Stocks in key regions are being consumed quickly, suggesting a tightening supply chain and underpinning firm market sentiment.
- European supply largely stable; Ukrainian and Polish offers softening due to harvest pressure and logistical considerations.
- Global trade flows continue as normal, but market monitoring of Indian crop progress is critical for assessing any future supply shocks.
📊 Market Fundamentals
- USDA Reports: No recent major revisions, but ongoing monitoring of Black Sea and South Asian crop progress remains essential.
- Speculative Positioning: Traders are reportedly holding tight with limited short interest, expecting continued firmness in the near term.
- Inventory Trends: Market sources report faster stock consumption, especially in India, reducing buffer availability for late-season demand.
🌦️ Weather Outlook & Impact
- India: Persistent monsoon irregularities and delayed sowing in northern and central states; recent rains somewhat beneficial but overall adverse events still seen limiting yields. Further weather risks could impact late harvest.
- Black Sea (Ukraine, Poland): Generally favorable harvest weather; minor delays due to occasional rains but no significant quality or supply threats reported currently.
- Forecast impact: Indian weather remains the wild card for late arrivals and total crop size, posing upside risk to local and regional prices.
🌍 Global Production & Stocks
| Country | 2024/25 Est. Prod. (mt) | YoY Change (%) | Main Use |
|---|---|---|---|
| India | ~5.4m | -2% | Food, seed |
| Russia | ~3.1m | 0% | Export, Food/Feed |
| China | ~2.5m | +1% | Food, Starch |
| Ukraine | ~0.7m | -4% | Export |
| EU | ~1.1m | 0% | Food, Feed |
| Canada | ~3.8m | +2% | Export, Feed |
📆 Trading Outlook & Recommendations
- Procurement: Buyers should cover near-term needs promptly, especially in India, as further weather impacts could reduce incoming supplies and trigger price gains.
- Sellers: Favor holding positions in Indian and UK green peas, as the market remains underpinned by steady demand and limited downside risk before the next harvest.
- Importers: Monitor Indian arrivals and weather; opportunistic buying may be warranted if late-season supply shocks materialize.
- Hedgers: Current flat/firmer trends suggest rolling existing hedges, with upside risk favoring protection against further price spikes.
- Speculators: Opportunity for upward movement remains, particularly if Indian weather worsens or consumer demand accelerates in Asia.
🔮 3-Day Regional Price Forecast
| Exchange/Region | Current Price | 3-Day Forecast | Direction |
|---|---|---|---|
| India (mandis) | USD 43.20–44.50/qtl | USD 43.40–44.80/qtl | Firm to Slightly Higher |
| London FOB (GB, Marrowfat) | EUR 1.34/mt | EUR 1.34–1.36/mt | Stable to Slightly Higher |
| Odesa FCA (UA, Green 98%) | EUR 0.41/mt | EUR 0.40–0.42/mt | Slight Weakness |
| Kiełczygłow FCA (PL, Yellow 98%) | EUR 0.35/mt | EUR 0.34–0.36/mt | Slight Weakness |
