Analyst explains sharp decline in Russia's pea exports

Deliveries of Russian peas abroad this year have decreased not only due to the unfavorable agroclimatic situation, but also due to the overly active export of this legume last year. This was reported by the head of the analytical agency Russian Pulses Analytics Sergey Pluzhnikov, reports pole.rf. This is how he explained the reduction in crop exports this year by almost five times. He recalled that a year earlier the country "sold out" huge reserves of legumes due to the excitement surrounding the news of the opening of the Indian market for its deliveries. Today, this country and another large buyer have formed stockpiles and are in no hurry to purchase additional volumes. According to reports from market participants from India and China, which the analyst also cited, the first of the countries had about a million tons of the crop in its ports at the beginning of autumn this year, and China was selling off a stock of 400 thousand. Nevertheless, Pluzhnikov does not believe that a ...