June 3, 2026
Global pigeon pea and urad markets appear adequately supplied in the near term, but weather risks, government policies, trade flows and demand recovery in India will remain key factors shaping prices and market direction in the months ahead.
Myanmar and Brazil continue to play central roles in global urad supply, with Brazil's production expanding rapidly in recent years and exports increasingly tied to Indian demand. Panelists noted that large available stocks and weaker buying interest have weighed on prices, even as production costs and logistical challenges remain elevated.
On pigeon peas, the discussion focused heavily on India, the world's largest producer, consumer and importer. While current supplies appear comfortable, panelists pointed to uncertainties surrounding monsoon performance, import arrivals, government interventions and future consumption trends. Across both commodities, the outlook combined adequate availability with continued sensitivity to weather developments and policy decisions.
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