Prices for peas in the Ukrainian ports rose to UAH 15,000 per ton

Published Sep 4, 2024

Tridge summary

The article provides an overview of the current market situation for peas in Ukraine, as reported by Onur Vatan, the director of EU-Nomia LTD. It notes a notable increase in pea prices in various Ukrainian ports, which is largely attributed to speculative market trends and anticipated sales to India. Despite the high profitability of pea cultivation, the area under cultivation in western Ukraine has not significantly expanded. The article highlights the active pepper purchase activity by EU-Nomia in the Ternopil region and the optimistic outlook of farmers and producers, who are storing part of the harvest in anticipation of further price increases. The potential future export markets to India and China are seen as a key factor fueling the optimism in the pea cultivation sector.

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

Original content

In Odesa ports, prices for peas range from 14,500 UAH/t to 15,000 UAH/t, in Danube ports - up to 15,500 UAH/t. Director of EU-Nomia LTD Onur Vatan said this in a comment for SuperAgronom.com. He clarified that the prices reached this level because of the hype around peas. In connection with future sales to India, the production of ground peas allowed to maintain high prices, which are not currently counted in the trade without processing. "Farm farms, with a limited number of warehouses, have already sold or are currently selling the 2024 pea harvest. Some producers are optimistic, expecting an increase in the price of peas and having the opportunity to store the harvest until spring," comments Onur Vatan. According to its program, the company actively continues the purchase of peas in the Ternopil region at UAH 15,000/t. Despite the fact that peas are a profitable product for cultivation, in the west of Ukraine there is no increase in cultivated areas. It is sown mainly by ...

Source: Elevatorist