News

Russia could occupy half of the world market for pulses

Other Pea & Pulse
Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Feb 21, 2024

Tridge summary

Russia is planning to maintain or slightly increase its total grain crop area, with a focus on grain legumes like peas, chickpeas, and lentils, says First Deputy Minister of Agriculture, Oksana Lut. The country has already doubled its pulse exports to 3.5 million tons compared to 2022, with potential for further growth. India, the largest importer of these crops, is keen on increasing its imports from Russia. Despite being a global leader in wheat supply and third-largest for barley, Russia faces export risks, primarily due to payment issues. A proposed BRICS exchange could help ensure uninterrupted payments and 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

Russia will most likely maintain or slightly increase the total area under grain crops at last year’s level, but will increase the area under grain legumes (peas, chickpeas, lentils), First Deputy Minister of Agriculture of Russia Oksana Lut said at the forum. Last year, we already supplied twice as many pulses (3.5 million tons) as in 2022. And the growth potential is still high - there is land for this, technological opportunities too. According to the chairman of the board of the Union of Grain Exporters, Eduard Zernin, Russia will only need a couple of years to occupy half of the world market for these crops. India, for example, is interested in increasing the import of grain legumes from Russia. The country is the largest importer of these crops, recalled Bimal Kothari, chairman of the Indian Pulses Association. Now, however, there are quotas for the import of yellow peas into the country. But Indian partners are counting on the lifting of these restrictions. In the meantime, ...
Source: RG
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