India's introduction of a 30% duty on yellow peas will collapse prices in Ukraine

the Indian government introduced duty-free imports of yellow peas until March 31, 2026, but farmer associations demanded restrictions on supplies, which led to a decrease in local prices. In fiscal year 2025, India imported about 6.7 million tons of pulses (mainly from Canada, Australia, and the Russian Federation), of which 2.2 million tons were yellow peas. Currently, Ukraine exports peas mainly to Turkey, India, and Italy, but among pea suppliers to India, it has dropped from pre-war 3rd place to 6th-7th place. In 2025, 626 thousand tons of peas were harvested from 266 thousand hectares in Ukraine, which is a third more than last year. Of these, more than 500 thousand tons can be exported (376 thousand tons in the previous season), and domestic consumption will be about 70-75 thousand tons per year. Purchase prices for peas in Ukraine at the start of the 2025/26 season were $275-280/t or UAH 13,500-14,000/t with delivery to Black Sea ports, but have now decreased to $260-270/t ...