Prices for peas of the new crop will be kept up by high demand

Published 2024년 7월 25일

Tridge summary

This year, Ukraine faced a significant shortage of pea seeds, driving up demand and prices for Ukrainian peas. The potential for duty-free exports to India has created new opportunities for producers. Ukrainian farmers have planted 162.5 thousand hectares of peas for the 2024 harvest, with prices expected to be at least $325 per ton. A program by EU-Nomia LTD and the Western Container Terminal aims to boost yellow pea cultivation in western Ukraine, offering farmers a guaranteed minimum purchase price of $200 per ton, with potential for higher market prices. Additionally, a pea processing plant has been set up at the Ternopil container terminal to support this initiative.

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Original content

This year, there was a significant shortage of pea seeds, and everything — both Ukrainian and foreign breeding — was sold out. The possibility of duty-free supply of peas to India opened up such prospects for Ukrainian producers. This was told by Volodymyr Lopatynskyi, director of the Western Container Terminal, in the article: "Peas are regaining their place in Ukrainian fields: prices, cultivation technology and prospects" on SuperAgronom.com. According to official data, domestic farmers planted 162.5 thousand hectares of peas for the 2024 harvest. Back in the spring, analysts predicted that global demand for Ukrainian yellow peas would remain stable until the end of the year, and prices would rise. "It can be expected that the prices for the harvest of Ukrainian peas in 2024 will be at least $325 per ton," Antonina Sklyarenko, head of the NGO "Union of Bean Producers and Consumers of Ukraine," predicted at the time. Onur Vatan, director of EU-Nomia LTD, also emphasized that ...

Source: Superagronom