News

Russia may set a record for pea exports

Grains, Cereal & Legumes
Russia
Market & Price Trends
Published Apr 23, 2024

Tridge summary

Russia is on track to set a new record by exporting at least 2.7 million tons of peas in the current agricultural year, marking a significant increase from the previous year's exports by over 1.5 million tons. This growth is attributed to an expansion in pea plantings since 2021, reaching 2.2 million hectares and resulting in a yield of 4.7 million tons for 2023-2024, with expectations to rise to 4.85 million tons next year. China and India are the primary importers of Russian peas. Despite the increase in production, Dmitry Rylko, the general director of the Institute of Agricultural Market Studies (IKAR), highlighted the lack of pea processing facilities in Russia, such as those for protein production, during the 'ProStarch 2024' conference.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia may reach record supplies of peas abroad in the current agricultural year (for this crop, as for grains, the country begins in July - ROSNG) of no less than 2.7 million tons. As Interfax reports, this forecast was voiced by the general director of the Institute of Agricultural Market Studies (IKAR) Dmitry Rylko in his presentation at the international conference “ProStarch 2024: Market Trends for Advanced Grain Processing”. This also amounted to more than one and a half million more than in the last agricultural year. The main importers of this crop from our country, as the expert recalled, are China and India. Earlier, at the “Development of Russian Agribusiness” forum, First Deputy Minister of Agriculture Oksana Lut also called peas a promising crop for supplies to these countries. Next year, “if nothing extraordinary happens,” the head of ICAR expects the supply of this legume to increase to 2.8 million tons. In general, according to Rylko, today our country supplies ...
Source: Rosng
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