UK Pea Prices Ease as Tight Domestic Supply Meets Cheaper Black Sea Offers

UK pea prices are edging lower week‑on‑week, but tight domestic production and firm local demand are preventing any sharp correction despite very competitive Ukrainian offers. UK pea availability remains constrained after the 2026 season under‑delivered, and recent UK produce commentary points to pea volumes at around two‑thirds of target. London buyers therefore still have to pay a domestic premium versus imported pulses, even as Black Sea export logistics normalise and low‑priced Ukrainian peas cap upside for feed users. With UK weather turning more changeable but largely benign for post‑harvest handling, the very near‑term price tone is mildly softer rather than decisively bearish.

Prices

Latest UK FOB London quotations show a very modest downward adjustment:

• Peas dried, marrowfat, origin GB, FOB London: 1.22 EUR (down from 1.24 EUR on 2026‑09‑19)
• Peas dried, green, origin GB, FOB London: 0.95 EUR (down from 0.96 EUR on 2026‑09‑26)
• Peas dried, yellow 98% purity, origin UA, FCA Odesa: 0.17 EUR (stable since mid‑September)
• Peas dried, green 98% purity, origin UA, FCA Odesa: 0.19 EUR (stable since a 0.01 EUR correction in late September)

Domestic marrowfat values continue to command the highest premium, reflecting their specialist food‑grade use, while UK green feed peas are priced well above Ukrainian export origins. This differential mirrors broader pulses and protein markets, where UK buyers pay for local assurance and nearby logistics.

Supply & Demand

Recent UK produce market commentary notes that 2026 pea production has reached only around 69% of target, contributing to tight domestic availability for fresh and processing uses in London and other urban centres. This shortfall is consistent with earlier expectations of reduced UK pulse area for harvest 2026 as growers shifted land into other crops.

On the import side, Ukraine’s Black Sea logistics remain functional, with Odesa‑region ports responsible for the bulk of the country’s grain and oilseed shipments, including pulses. Government and international reporting confirm that these ports have handled substantial cargo volumes in 2026 despite the security backdrop, underpinning reliable export flows. As a result, FCA Odesa pea prices are stable and low, providing an attractive ceiling for feed formulations in continental Europe and potentially in the UK where freight and risk premia allow.

Fundamentals & Weather Context (GB‑Focused)

UK harvest reporting indicates that the 2026 campaign has been challenging, with progress slowing in northern regions due to wetter conditions and higher grain moisture. While peas are largely harvested, these patterns have constrained fieldwork windows and may have added costs in drying and logistics, helping to support domestic prices despite small recent declines.

Looking at the very short‑term outlook, national UK forecasts highlight a mix of fine, dry spells with some frontal rain systems affecting Scotland and Northern Ireland and more changeable conditions spreading from the Atlantic. For key pea‑growing areas feeding into the London market (eastern England and the Midlands), the next few days are expected to be relatively settled with limited heavy rainfall, implying minimal disruption to remaining post‑harvest operations and transport.

Short‑range models focused on GB confirm this picture: largely dry weather with only scattered showers, and temperatures near seasonal norms, which should not materially change supply fundamentals over the coming three days. With the crop in store, weather is now a freight and handling factor rather than a yield driver.

3‑Day Price Outlook & Trading View

Directional outlook for the next 3 days (region: GB):

• UK FOB London marrowfat peas: Slightly soft bias; recent 0.02 EUR easing may see limited follow‑through but strong food‑grade demand should keep values broadly range‑bound.
• UK FOB London green peas: Mild downward pressure as buyers reference cheaper Black Sea alternatives, but tight UK production tempers any aggressive discounting.
• UA FCA Odesa green and yellow peas: Stable; export corridor functioning and no fresh supply shock signals in the past few days, so current low levels are likely to persist near‑term.

Trading recommendations (short term)

• UK buyers (feed and ingredient users): Consider covering a portion of Q4–early Q1 needs now while domestic prices are fractionally softer but before winter logistics risks emerge.
• Food‑grade marrowfat users: Maintain at least baseline coverage; limited UK crop and specialist quality requirements suggest downside is modest compared with the risk of later tightness.
• Export‑oriented UK sellers: Use current premiums over Ukrainian origins to lock in margins on forward business, but avoid over‑committing given ongoing Black Sea competition.