Glacier Farm Media | MarketsFarm — Prices for green and yellow peas have dropped back across the Prairies over the last week. One of the major downward drivers was the Statistics Canada production report released earlier this month, said Levon Sargsyan of Johnston’s Grain in Calgary.
“Due to a lack of immediate catalysts and seasonal logistical challenges, I don’t believe that there will be significant changes until the new year,” Sargsyan said.
In StatCan’s principal field crop report issued on Dec. 4, it pegged the 2025/26 dry pea harvest at 3.93 million tonnes. That’s nearly 31.3 per cent more from the previous year and well above the five-year average of 3.17 million tonnes.
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StatCan put harvested area for 2025/26 at 1.38 million hectares, up from 1.28 million the previous year. Yields climbed to 2.85 tonnes per hectare from 2.34 in 2024/25.
Over the last week, the price for green peas has dropped 75 cents at C$7.50 to C$10.25 per bushel delivered across the western Canada, Prairie Ag Hotwire reported on Dec. 16. Yellow peas lost 50 cents at C$6.50 to C$7.50/bu. delivered.
Trade issues has curtailed any possible hope for a major upswing in pea prices. Earlier this year, China included yellow peas in their 100 per cent tariffs on Canadian canola oil and meal, and more recently, India reimposed its import duties on yellow peas.
“Yellow pea pricing upside will be limited by the increased supply, and the tariffs from the major importers (India/China). There is demand from alternative markets which may cause small rallies. We have seen this from domestic opportunities in southeastern Saskatchewan and Manitoba, which farmers are taking advantage of,” Sargsyan said.
