UK Pea Prices Hold Steady as Ukrainian Oversupply Keeps Import Parity Low

UK pea prices are flat week-on-week, with London FOB levels for green and marrowfat peas unchanged, while Ukrainian export prices remain deeply discounted and stable. Moderate, showery weather in southern UK supports winter/spring crop development but offers no immediate bullish trigger for nearby values.

UK peas are trading in a narrow range as domestic demand is steady and there is no fresh supply shock. Recent international pea commentary confirms ample global availability, with Russia and Canada well supplied and Ukraine facing record production and sluggish exports that are pressuring Black Sea values. In this environment, import competition caps upside for UK prices even as growers evaluate new-crop planting and forward sales.

📈 Prices

UK export indications for dried peas (FOB GB, London) are unchanged versus the previous week, reflecting a stable domestic balance and lack of new demand impulses. Spot green peas are assessed around EUR 1.02/kg, while marrowfat peas remain near EUR 1.33/kg on a FOB basis (converted from local quotes). Ukrainian green and yellow peas ex-Odesa continue to price sharply lower, roughly one-third of UK values, underlining strong competition into price-sensitive destinations.

Origin	Type	Location / Term	Current price (EUR/kg)	WoW change (EUR/kg)
UK	Green dried	London, FOB	1.02	0.00
UK	Marrowfat dried	London, FOB	1.33	0.00
Ukraine	Green dried (98%)	Odesa, FCA	0.34	0.00
Ukraine	Yellow dried (98%)	Odesa, FCA	0.26	0.00

External benchmarks show a similarly calm tone: recent global pulse price assessments highlight limited week-on-week movement in feed pea quotations, with only a mild firming alongside broader grains. This aligns with the flat UK indications and suggests that, for now, local pricing is closely tracking the wider pulse complex rather than any region-specific shock.

🌍 Supply & Demand

International pea market commentary this week underscores a heavy global balance. Russia remains the largest producer, Canada has recovered from previous shortfalls, and Ukraine has expanded pea output in 2025/26, contributing to a sizable surplus. However, Ukrainian exports have lagged, leaving domestic stocks elevated and forcing export offers from Odesa to remain aggressively low to attract buyers.

Ukrainian customs and industry data confirm that overall grain and legume exports have risen in recent months, but pulses still face logistical and demand constraints, especially amid ongoing conflict and periodic disruptions to Black Sea infrastructure. This combination of record supply and patchy logistics translates into persistent price pressure on Ukrainian peas, keeping a wide discount to UK origin and capping how far UK exporters can lift their offers into competitive markets.

📊 Fundamentals & Weather (GB Focus)

Near-term weather in southern UK is moderately supportive for pea crops but not extreme. Forecasts for London and surrounding arable regions over 3–5 May call for mostly cloudy conditions with scattered showers, daytime highs around 18–19°C and lows near 8–11°C. These conditions maintain adequate soil moisture without heat stress, favouring establishment and vegetative growth for spring-sown peas.

From a fundamental perspective, this benign weather removes an immediate weather-risk premium from UK pea prices. At the same time, the conflict in Ukraine continues to shape Black Sea trade flows, with recent reports highlighting increased Ukrainian agricultural exports overall but also ongoing uncertainty around port security and shipping costs. For now, those risks are insufficient to offset the bearish weight of abundant regional pea supplies.

📆 Short-Term Outlook & Trading Ideas

Given the combination of flat local prices, stable global benchmarks and comfortable supply, the short-term directional risk for UK pea prices appears neutral to slightly soft. Upside is limited by cheap Black Sea origin and steady global availability, while downside is cushioned by current UK demand and no immediate harvest pressure.

• UK growers: Consider incremental forward sales on any modest rallies, especially for marrowfat peas where premiums to bulk feed peas are attractive versus global alternatives.
• Buyers (feed and food use): Maintain a hand-to-mouth strategy for nearby cover; use any dips created by currency or freight moves to extend coverage modestly into early new-crop.
• Traders: Monitor Ukrainian export logistics and Black Sea risk premiums; any renewed disruption could narrow the UK–Ukraine price spread, briefly supporting UK FOB values.

📉 3‑Day Regional Price Indication (GB)

• Green peas, FOB London: Stable in the near term around EUR 1.00–1.05/kg over the next three trading days, with very limited volatility expected.
• Marrowfat peas, FOB London: Stable to fractionally firmer, indicated around EUR 1.30–1.35/kg as snack and canning demand remains consistent.