Contrary to the previous market trend, Peas cash market decreased by 2-3%, on an average during the week under review due to Govt.’s steps against commodities hoardings besides extended timeframe for Yellow Peas import till 31st October from June, 2024. As per traders, Peas market sentiments may remain subdued if imports remain open for another quarter as imports are at lower pricesand will depress the market. .

Yellow / White Peas cash market is expected to move in a range of INR 100-200 per quintal given the background of regular & bulk imports of Yellow Peas which is expected to reach around 20 Lakh tonnes mark this year over lower Peas & Chana crop. As per sources, India has already imported approx. 14-15 lakh tonnes of YP so far.

On the other hand, as per traders, quality crop (Dantewada Line) of Green Peas has dried up in Harpalpur which is being selling at INR 7,200 per quintal currently.