📊 Global Peas Market Dynamics: Insights and Forecast Amidst India's Strategic Procurement

The global peas market is currently experiencing significant shifts, primarily influenced by India's aggressive procurement strategies and varying international prices. As of April 2025, the Indian government has procured a substantial 340,000 tonnes of tur (pigeon pea), with plans to bolster buffer stocks to stabilize prices. This move, part of the Price Support Scheme (PSS), targets major tur-producing states, with Karnataka leading at 130,000 tonnes procured.

Market prices for peas show a diverse range, with marrowfat peas priced at USD 1.27/kg in London, while green and yellow peas in Odesa are significantly lower, reflecting regional supply dynamics. This report delves into the current market trends, price movements, and fundamental drivers shaping the peas market globally.

📈 Market Overview

📉 Key Market Drivers

• India's strategic procurement under the PSS aims to manage domestic price stability.
• Varied pricing across regions highlights the impact of local supply and demand dynamics.
• USDA reports and global production estimates continue to influence market sentiment.

⛅ Weather Forecast – Impact on Harvest

Current weather conditions in key growing regions like India and Eastern Europe are expected to be mild over the next three days, which should support ongoing harvesting activities and potentially enhance yield prospects.

🔮 Price Forecast – Next 3 Days

📌 Conclusion & Strategic Recommendations

• Producers should monitor weather conditions closely and adjust harvest schedules to optimize yield.
• Buyers in regions with higher prices might consider securing contracts now to hedge against potential price increases.
• Traders should keep an eye on India's procurement activities as they could significantly impact global supply and prices.