News

Russia almost triples pea exports in 2023

Dried Common Pea
Russia
Market & Price Trends
Published Jan 30, 2024

Tridge summary

Russia set a new record in 2023 by increasing its pea exports by 2.6 times to 2.9 million tons, with China being the primary importer. Other significant importers included Spain and Turkey. Additionally, Russia's vegetable oil exports also saw a rise by a third. Overall, the country's grain legume exports increased by 2.5 times over the 11 months of the year, with peas making up 77 percent of the total supplies.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

At the end of last year, Russia increased supplies of peas abroad by 2.6 times to 2.9 million tons. The Federal Center for the Development of Agricultural Exports (“Agroexport”, owned by the Ministry of Agriculture) announced this in its Telegram channel. The report notes that this was a new record for recent years. Of the specific importing countries of this legume, China has become the leader. It is in great demand in this country. Russia has been regularly supplying it to the Chinese market for several years. Also, our country delivered it to the Celestial Empire by sea for the first time at the end of July last year. The batch volume was 55 thousand tons. The change in the supply method indicates a high interest in the Chinese market among importers of this crop. In 2023, Russia increased exports of vegetable oils by a third The second and third places in the import of peas were taken by Spain and Turkey, where this crop is one of the important elements of the national ...
Source: Rosng
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