Through the first seven months of 2025, frozen pea cold storage volumes in the United States, as reported by the USDA, remain below recent averages, pointing to a tighter supply environment than in the past few years.
January inventories stood at 186.3 million pounds (84,500 tons), nearly unchanged from 2020 levels but 15 per cent lower than in January 2024. This set the tone for the first half of the year, with stocks consistently trailing historical norms.
In March and April, frozen pea inventories were more than 20 per cent lower than in 2023 and about 30 per cent below 2024, though still marginally higher than the record lows seen in 2020 and 2022. By May, inventories had fallen to 108.4 million pounds (49,160 tons), down 18 per cent from 2023 and 25 per cent from 2024, yet still above the trough years of 2020 and 2022.
June storage volumes totaled 172.6 million pounds (78,300 tons), about 26 per cent lower than all other years in the dataset except 2022, when levels were slightly higher. July stocks reached 224.9 million pounds (102,000 tons), a 28 per cent drop from 2024 and up to 42 per cent lower than every other year since 2020.
Overall, 2025 has been marked by reduced availability compared with the abundant inventories of 2023 and 2024, although levels remain above the most constrained periods earlier in the decade.
"This persistent shortfall suggests that the market may experience continued pressure, with firmer pricing likely to hold if demand remains steady," stated an Expana market participant. Market sources added that the combination of below-average inventories and steady consumption could maintain a tighter market dynamic through the remainder of the year.
Source: Mintec/Expana
