YELLOW PEA MARKET IN INDIA

Market of dry pea in India

India is the major player in the world market when it comes to the pulse scenario. The country is among the major producers, the largest consumer and also the largest importer of pulses in the world. Due the fact that India is the second most populated country of the world and majority of the population depending upon pulses as food, the advantage of being one of the largest producers of pulses in the world is wasted. That is why the country has to rely on pulse import to satisfy the domestic demand. Regarding peas production, India produces around 800000 metric tons of dry peas annually and stands 4th among the major pea producing countries of the world. Uttar Pradesh produces the major share of the country’s produce.

The consumption level for yellow pea in the country is so large that being a dominant producer; India is not able to satisfy its domestic consumption demand. The reason for the large demand is the ever-increasing population of the country and more and more people depending on the dry pea as their staple diet. This is the reason that India also has to import high levels of pulse. This makes India one of the largest importers of the crop. As a matter of fact, pea is heavily imported into the country and accounts for around 40% of the total pulse import of the country. Most of the yellow pea traded in the country is imported from various pea-exporting countries and the imports account up to around 9 lakh tons annually. Imports of yellow pea into India have shown a rising trend as the imports have increased sharply since last few years. The exporters from which India imports yellow peas are

• Canada
• Australia
• Myanmar
• France

Market influencing factors

• Flow of information in the value chain of peas
• Black marketing and Hoarding
• Crop situation in the major pea producing countries
• Prices of the competitive pulses in the country like chickpea, tur, urad etc

Major trading centres

The major trading centres of yellow pea in India are

• Mumbai (Maharashtra)
• Jalgaon (Maharashtra)
• Latur (Maharashtra)
• Akola (Maharashtra)
• Indore (Madhya Pradesh)
• Bhopal (Madhya Pradesh)
• Vidisha (Madhya Pradesh)

Yellow pea is traded in Indian commodity exchanges namely

 National Commodity & Derivatives Exchange ltd 

 Multi Commodity Exchange of India ltd.