Pea prices in Ukrainian ports have restored a historic high

Published Jan 28, 2021

Tridge summary

The price of peas in Ukraine's deep-water ports has been increasing due to a decrease in production, reduced sales by farmers, and a decrease in domestic stocks. This is despite high competition from processing companies. The demand prices for peas have increased by an average of 500-1000 UAH / t and are currently voiced in the range of 9500-10500 UAH / t CPT port. This exceeds the historical maximum recorded in late April - early May 2016. The high prices have resulted in peas being traded in January, but restrained demand from importers and lower export rates compared to last year could change this.

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

Original content

According to IA "APK-Inform", from the first decade of January the price situation in the pea sector in deep-water ports of Ukraine (CPT-port site) began to develop again in an upward trend, and even more actively. "Despite the general volatility in the export direction, pea prices are mainly subject to upward adjustments due to difficulties in forming the required volumes of legumes due to restrained sales by farmers and a gradual decrease in domestic stocks, as well as a 15% reduction in production in Ukraine this season. In addition, the rise in prices is facilitated by the persistence of 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) ", - commented on the situation markets of IA "APK-Inform" Anna Tanska. Under the influence of the above factors, demand prices for peas have increased by an average of ...

Source: AgroReview