For 2020-2021, exports are expected to rise to 3.8 million tonnes (Mt) largely due to higher exports to China and Bangladesh. Carry-out stocks are forecast to rise with the larger supply. The average price is expected to be higher than 2019-2020 levels, with higher yellow and feed pea prices offset by lower green pea prices.

During the month of January, the on-farm price of yellow peas in Saskatchewan rose by $15/t while the green pea price fell by $20/t. This was largely due to solid export demand and despite indications that the seeded area for the winter pulse crop in India is expected to be higher than the previous year. Green dry peas prices are expected to maintain a $5/t premium over yellow dry peas, compared to the $115/t premium that green peas had over yellow peas in 2019-2020.

US dry pea production is estimated by the USDA at nearly 1.0 Mt, down marginally from 2019-20. This was largely due to above average yields but lower area. Canadian dry pea exports to the US are moving below last year’s pace, and are forecast at just over 0.1 Mt in 2020-2021.