Saskatchewan yellow pea farm gate prices rose by $15/tonne in April, while green pea prices remained unchanged.
Looking forward to 2025-2026, Canadian producers are planning to increase the seeded area of dry peas to 1.42 million hectares (Mha), up by 9% from 2024-2025. Saskatchewan is expected to account for 52% of the seeded area, while Alberta will account for 42%. Production for the 2025-2026 crop year is forecast to increase to 3.1 Mt, driven by the expanded area and average yields. As a result, supply is expected to rise by 13% to 3.77 Mt, despite lower expected exports.
Exports for 2025-2026 are forecast to decrease sharply to 1.3 Mt, and carry-out stocks are expected to reach record levels. The price for dry peas is expected to fall due to higher domestic supply and increasing global production.
In the U.S., the USDA has forecast an 8% decrease in dry pea acreage for 2025-2026, largely due to lower expected plantings in North Dakota and Montana.
This outlook highlights both the challenges of reduced export demand and the opportunities presented by increased domestic supply in the Canadian dry pea market.
This report provides an update to Agriculture and Agri-Food Canada's (AAFC) April outlook for the 2024-25 and 2025-26 crop years, which run from September1 to August 31 for dry peas. AAFC notes that the projections are based on market conditions and trade policies in effect as of May 13, 2025.
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