International Grains Council expects significant growth in global pea consumption

Published Feb 16, 2024

Tridge summary

The International Grains Council (IGC) has forecasted an 11% increase in global pea consumption to 16.5 million tonnes this season, driven by a significant rise in India. Despite global pea production remaining stable at 13.9 million tonnes, the ending stocks for the current season are expected to drop by 10% to 2.3 million tonnes. The largest pea exporting countries are predicted to experience a more substantial decrease in stocks by 17% to 1.8 million tonnes. Global pea trade is projected to decrease by 2% to 6.1 million tonnes in 2024, due to reduced imports from China and a 10% decrease in exports from Canada.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The International Grains Council (IGC) forecasts that global pea consumption will rise to 16.5 million tonnes this season, up 11% from last season. A sharp increase in consumption will occur in India. This was reported by the Zerno On-Line agency. As global pea production remains stable at 13.9 million tonnes, global ending stocks for the current season will fall to 2.3 million tonnes, down 10% from last season. In the largest pea exporting countries (Australia, Canada, EU, Russia, USA), the decrease in stocks will be even more noticeable - by 17% to 1.8 million tons. IGC expects global pea trade to be 6.1 ...

Source: Zol