Russian peas at the peak of global demand - Refinitiv
Dried Common Pea
Russia
Published Jan 16, 2022
Original content
Russian peas were in demand on the world market in the first half of the 2021/22 season against the backdrop of a fall in the harvest in the leading producing countries and an increase in the gross harvest in our country. Olga Grab, an analyst of the agricultural markets of the Black Sea region Refinitiv, told Agroinvestor about this. According to her, exporters are attracted by the absence of duties on the export of this crop, unlike grain and oilseeds. “Strong global demand opens up new opportunities for Russian farmers and increases competition between exporters and processors in the short term,” she says. According to Refinitiv, peas are one of the main positions of Russian agricultural exports in the 2021/22 season, along with wheat, barley and corn. Its deliveries in July-December 2021 exceeded exports for the entire 2020/21 season and amounted to 510 thousand tons. At the same time, shipments slowed down in November. Amid strong demand and attractive prices, farmers have ...
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