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📦 Peas (Pisum sativum)

Peas (<i>Pisum sativum</i>)

HS Code:

📦

Overview

Peas (Pisum sativum), classified under HS Code 071310, include dried peas, whether shelled or unshelled, used primarily for human consumption or animal feed. This category encompasses varieties such as green peas and yellow peas. Peas are a key agricultural commodity in global trade due to their nutritional value, versatility in food processing, and use in crop rotation for soil health. Major production and trade are driven by demand for protein-rich diets, sustainable farming practices, and food security initiatives.

Total Trade Volume

7.2 million metric tons

Data from 2022

Source

United Nations Comtrade Database, International Trade Centre (ITC)

Tariff Analysis

Average Rate

5.2% ad valorem

Highest Rate

35% (applied by certain South Asian countries to protect domestic producers)

Lowest Rate

0% (under free trade agreements like EU-Canada CETA and within ASEAN)

Common Restrictions

  • Import quotas in countries with domestic production protection policies
  • Phytosanitary requirements to prevent pest and disease spread
  • Non-tariff barriers such as strict labeling and quality standards
  • Seasonal tariffs to regulate supply during harvest periods

Market Trends

Rising demand for plant-based proteins

Increased export opportunities for pea-producing countries as peas are processed into protein isolates for vegan and vegetarian products

2020-2022

Climate change affecting yields

Erratic weather patterns in key producing regions like Canada and Europe have led to supply volatility and price fluctuations

2021-2023

Shift towards sustainable agriculture

Growing adoption of peas in crop rotation due to their nitrogen-fixing properties, boosting production in regions promoting eco-friendly farming

2019-2022

Recent Developments

Canada-India Trade Tensions

India imposed stricter import regulations on Canadian peas, citing pest concerns, which temporarily disrupted trade flows.

April 2023

Canadian exporters faced a 10% drop in shipments to India, redirecting supply to other markets like China and Bangladesh.

EU Green Deal Initiatives

The European Union introduced subsidies for legume cultivation under the Green Deal to reduce reliance on imported protein crops and promote sustainability.

January 2023

Increased domestic pea production in EU countries, potentially reducing imports from non-EU suppliers.

Russia-Ukraine Conflict Impact

The ongoing conflict disrupted Ukrainian pea exports while boosting Russian exports due to redirected trade routes and competitive pricing.

February 2022 - Ongoing

Shifted global supply dynamics, with Russian peas gaining market share in Asia and the Middle East.