Indian Pea import scenario in MY 2024/25 / AgPulse Analytica Market Update - Pulse Pod

At a glance

“The import flow has been tremendous in the meantime and, as per customs data, the country received 1.57 MMT of peas in the first four months of 2024.”
“New crop supplies from the Black Sea region will be available for export in July while North American shipments will begin in August.”
“With Indian demand, peas have priced themselves out of the feed rations in a number of other countries, and a consequent drop in the feed usage of yellow peas is widely expected in 2024.”

After initially removing the import barriers for yellow peas in late 2023 following a seven year period of closure, India has since extended the free import three times.

Dec 2023 India opens to yellow pea imports
Feb 2024 Policy Extended until Bill of Lading (BL) date April 30
Apr 2024 Policy Extended until BL date June 30
May 2024 Policy Extended until BL date October 31

Swift import pace

The import flow has been tremendous in the meantime and, as per customs data, the country received 1.57 MMT of peas in the first four months of 2024. Canada has been the top origin in these four months, contributing 52% of total imports followed by Russia at 31%, Türkiye at 12% and Ukraine at 1.8%.

Market Updates

Indian Pea import scenario in MY 2024/25/
AgPulse Analytica Market Update

Gaurav Jain

Contributor

At a glance

Swift import pace

Tags

Market Updates

Indian Pea import scenario in MY 2024/25/ AgPulse Analytica Market Update

Gaurav Jain

Contributor

At a glance

Swift import pace

Tags

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Indian Pea import scenario in MY 2024/25/
AgPulse Analytica Market Update