Pea prices have renewed their historical maximum in Ukraine

Published 2021년 1월 28일

Tridge summary

The price of peas in Ukraine's deep-sea ports has been increasing due to a decrease in production, reduced sales by farmers, and high competition from processing companies. The average price increase is 500-1000 UAH / t and as of January 27, the prices are ranging from 9500-10500 UAH / t CPT-port. This price level exceeds the historical maximum recorded in late April - early May 2016.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The price situation in the pea sector in deep-sea ports of Ukraine (CPT-port site) from the first decade of January began to develop in an upward trend, and even more actively than before. This is stated in the message of IA "APK-Inform". "Despite the general volatility in the export direction, prices for peas are mainly subject to upward adjustments due to difficulties in forming the required volumes of pulses due to the restraint of sales by farmers and a gradual decrease in stocks within the country, as well as a 15% reduction in its production in Ukraine in the current season." , - Anna Tanskaya, head of the local markets department at APK-Inform news agency, commented on the situation. According to her, along with this, the continued high competition from processing companies, many of which have also significantly increased prices for this crop, and similar price dynamics in the segment of related crops (especially soybeans and a number of niche crops) contribute to the rise ...

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