The global peas market is exhibiting resilience despite enduring weak demand, primarily outside of Delhi, and facing volatile price moves in recent weeks. After a phase of persistent declines, tur (pigeon pea) prices have shown encouraging signs of stabilization, a trend attributed to a delicate balance of supply-side caution among farmers and steady, albeit subdued, market arrivals in key producing regions like Maharashtra, Karnataka, and Madhya Pradesh. This concerted caution in the domestic market is easing recent downward momentum. Traders report that the sharp price drops seen earlier are diminishing, hinting at potential support levels forming as the festive season approaches and buyers anticipate limited stock availability.
Meanwhile, government incentives to boost self-sufficiency and mixed outlooks for the kharif crop add further layers to the market’s stability. Internationally, sluggish export interest—dampened by attractive offers from African origins—keeps global pea pricing in check. Recent data reveal a modest uptick in India’s pea production, which, combined with improved supply prospects, suggests that sharp upward moves are unlikely in the near term. Mild festival-led demand and ongoing government support could underpin prices, ensuring short-term steadiness. For growers and traders navigating this phase, the outlook suggests relief from steep losses but persistent caution as global and local forces interplay.
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Peas dried
yellow
98%
FCA 0.35 €/kg
(from PL)
Peas dried
marrowfat
FOB 1.34 €/kg
(from GB)
Peas dried
green
FOB 1.02 €/kg
(from GB)
📈 Price Table: Latest Pea Market Quotes
| Origin | Type | Purity (%) | Location | Delivery Terms | Latest Price (EUR/kg) | Previous Price (EUR/kg) | Change | Last Update | Sentiment |
|---|---|---|---|---|---|---|---|---|---|
| PL | Yellow | 98 | Kiełczygłow, PL | FCA | 0.35 | 0.37 | -0.02 | 2025-09-01 | Bearish |
| GB | Marrowfat | – | London, GB | FOB | 1.34 | 1.32 | +0.02 | 2025-08-29 | Cautiously Bullish |
| GB | Green | – | London, GB | FOB | 1.02 | 1.00 | +0.02 | 2025-08-29 | Cautiously Bullish |
| UA | Yellow | 98 | Odesa, UA | FCA | 0.31 | 0.32 | -0.01 | 2025-08-28 | Bearish |
| UA | Green | 98 | Odesa, UA | FCA | 0.43 | 0.43 | 0.00 | 2025-08-28 | Neutral |
🌍 Supply & Demand Drivers
- India: Pea (tur) prices stable around $740–$745/ton. Market arrivals in Maharashtra and Karnataka are steady, but demand remains below normal.
- Production: India’s tur output estimated at 5.2–5.3 million tons (up from 4.7–4.8 million tons last year), ensuring adequate supplies and capping sharp upside moves.
- Demand: Consumption from millers and buyers is muted; festive demand likely to lend support in coming weeks.
- Imports/Exports: Import flows from Mozambique and Myanmar, but export interest soft due to competitive African offers and weak global trend.
- Farmer Behavior: Lower selling pressure as farmers hold stocks, expecting better pricing amidst supportive policy backdrop.
📊 Market Fundamentals
- Recent price action for Indian tur: steadied after falling from $792/quintal (mid-year) to near $740–$745/ton.
- Kharif crop outlook: mixed, adding support to current pricing trends in the medium term.
- Traders report limited downside risk, with government support measures cushioning the market.
- Sluggish international pea trade keeps global prices under lid despite local fluctuations.
🌦️ Weather Outlook & Regional Crop Yields
- India (Maharashtra, Karnataka, MP): Recent rainfall patterns adequate for tur crop, but spotty monsoon progress in some belts poses moderate yield risks. Weather-normal harvests anticipated; watch for late monsoon anomalies that could tighten arrivals.
- UK/UA (Odesa, London): Recent dry spells in Eastern Europe have marginally pressured yields but not below average; new-crop supply expected to be robust with intermittent harvest delays.
- Overall, no major short-term weather risks threatening yield; modest production increases likely.
🏭 Global Production & Stocks
| Country | 2024/25 Output (Mt) | 2023/24 Output (Mt) | Comments |
|---|---|---|---|
| India | 5.2–5.3 | 4.7–4.8 | Up on year, strong arrivals |
| Ukraine | 1.2 | 1.0 | Recovery driven by good sowings |
| United Kingdom | 0.85 | 0.80 | Stable |
| Mozambique, Myanmar (combined) | 0.7 | 0.7 | Main exporters to India |
📌 Key Insights & Trading Recommendations
- Pea prices in India and Ukraine have found support after weeks of weakness but are unlikely to see a sharp rally in the near term given comfortable stocks and cautious demand.
- Short-term risk skewed towards stability unless adverse weather or policy surprises occur.
- Bullish positioning should be tempered; best value likely achieved on price dips as festive demand approaches.
- Exporters should monitor Indian government import policy for supply side shifts.
- Watch for increased farmer stock releases if prices approach previous highs near $790/quintal.
📆 3-Day Regional Pea Price Forecast
| Market | Current Price (EUR/kg) | 3-Day Outlook | Expected Range |
|---|---|---|---|
| Kiełczygłow, PL (yellow) | 0.35 | Stable to soft | 0.34 – 0.36 |
| London, GB (green) | 1.02 | Steady | 1.00 – 1.04 |
| London, GB (marrowfat) | 1.34 | Mildly bullish | 1.32 – 1.36 |
| Odesa, UA (yellow) | 0.31 | Stable | 0.30 – 0.32 |
| India (tur/quintal) | $740 | Steady to firm on festive demand | $735 – $755 |
