Record again: pea prices continue to rise in Ukraine

Published 2021년 2월 16일

Tridge summary

Last week, Ukraine experienced a significant increase in pea prices at its ports, as reported by APK-Inform news agency. This rise in prices is attributed to the reduction in grain crop prices, but the pulses' prices continue to surge due to farmer restrictions on sales and intense competition from processing companies. As the season progresses and stock levels decrease, the prices have increased by 400-700 hryvnyas / t, ranging from 10000-11200 hryvnias / t CPT-port, marking a new high this season.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pea prices in the ports of Ukraine (CPT-port) rose sharply last week. It was reported by APK-Inform news agency. “Despite the sharp drop in prices for the main grain crops in the ports of Ukraine, prices for peas continue to grow, and more and more actively. This is facilitated by the difficulties in the formation of the required volumes of pulses due to the restraint of sales by farmers, as well as high competition from the processing companies. All this becomes more noticeable as the season progresses and the stocks of peas in the country are gradually decreasing, especially if we take into account the tendency of reduction of acreage under it in 2020, ”Anna Tanskaya, head of the local markets department at APK-Inform news agency, commented on the situation. Under the influence of the above factors, the prices of demand for pulses increased by another 400-700 hryvnyas / t last week and as of February 15, they are mainly announced ...

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