Russia Takes the Lead

In a surprising turn of events, Russia has now surpassed Canada as the top exporter of yellow peas to India. This shift in trade patterns comes from data provided by the Agricultural and Processed Food Products Exports Development Authority (APEDA). Canada had long dominated the market, especially in China, where it once controlled over 97% of yellow pea imports. However, Russia has now captured nearly half of that market share. It’s quite the shake-up in global trade dynamics.

Export Volumes and Russia’s Competitive Edge

From April to July in the 2024-25 fiscal year, Russia shipped 441,000 tonnes of yellow peas to India. That’s already more than the 401,000 tonnes it sent during the entire previous fiscal year. On the other hand, Canada’s shipments have dropped to 393,000 tonnes during the same period. This is a sharp decline from the 1.38 million tonnes they shipped in 2023-24. Russia’s competitive pricing and the ability to trade in Indian rupees, along with lower logistic costs, have given it a strong edge in the Indian market.

Figures Speaks

India spent around USD 212.85 million on Russian yellow peas and USD 228.49 million on Canadian peas during this period. Currently, Russia’s export price for yellow peas stands at USD 4,25 per kg for October-November delivery. Canada, however, has set its price at USD 4,60 per kg for the same period. The lower price and logistical advantages make Russia the more attractive option right now.

But Russian and Canadian Peas Are in Demand

Bimal Kothari, Chairman of the India Pulses and Grains Association (IPGA), pointed out that pricing remains the key driver behind these shifts. Even though Russia has the competitive edge, both Russian and Canadian yellow peas are still in demand. What’s really interesting is that Russia has also secured rights to supply lentils to India regularly. This has resulted in a 23-fold increase in Russia’s leguminous crop exports to India between January and September 2024.

How Government Policy is Shaping the Market

The Indian government’s decision to reduce the import duty on peas to zero from 35% has significantly boosted imports. Initially, this duty cut was meant to last three months at the beginning of the year, but extensions have allowed duty-free imports until December 31. With this move, Kothari expects total yellow pea imports could hit 3.3-3.5 million tonnes by the end of 2024. He estimates that 2.2 million tonnes will be imported by the end of August, with an additional 700,000 tonnes already contracted for delivery in September and October.

Conclusion: Though Russia Remained Major Player

The yellow peas trade landscape is shifting fast, with Russia emerging as a major player and Canada trying to hold its ground. Pricing, government policies, and trade agreements will continue to shape this market. As both countries adjust their strategies, it’s clear that the competition is far from over. Stakeholders will need to stay alert and agile as the market evolves.





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