Russia exported a record volume of peas in September

Published 2021년 10월 28일

Tridge summary

In September, Russia achieved a record monthly peak in pea exports, reaching 199.1 thousand tons, as reported by ProZerno. The first three months of the new season saw a total export of 420.7 thousand tons, which makes up 48% of the previous season's total exports. The main destinations for these exports were Turkey, Belgium, Latvia, Spain, and Pakistan. This increase in exports is attributed to the lack of export duties on peas, Canada's poor harvest leading other countries to seek alternatives, and Pakistan's drought impacting traditional suppliers. As a result, pea prices have surged, with a ton currently costing $343. Russia's legume exports have seen an uptick this season, and the sowing area for peas has expanded by 131.3 thousand hectares, covering over 1.44 million hectares.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In September, Russia exported 199.1 thousand tons of peas, which is a record monthly indicator of shipments in the entire history, follows from the data of the analytical company ProZerno. In addition, the export of peas in the first three months of the new season also turned out to be at the maximum level - 420.7 thousand tons, which is 48% of the supplies for the entire 2020/21 season. The main importers of Russian peas during this period were Turkey, Belgium, Latvia, Spain and Pakistan. Such high export figures became possible due to several factors, Vladimir Petrichenko, general director of ProZerna, told Agroinvestor. First, peas are not subject to export duties. Secondly, the poor harvest in Canada, which is one of the largest suppliers of pulses to the world market, led to the fact that importers were forced to reorient themselves to other countries. Thirdly, the poor harvest in Pakistan due to drought affected, and the states of the Indian Ocean traditionally demonstrate ...
Source: AgroInvestor

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.