Argentina: The chiaroscuro of the pea, from the export record to the uncertainty due to the dry season

Dried Common Pea
Published Nov 1, 2022

Tridge summary

Foreign sales for the 2021/22 cycle increased 156%. But for the current campaign, a cut of almost 100,000 hectares is noted due to lack of water.

Original content

The increase in the production of peas corresponding to the 2021/22 cycle allowed for an increase in exports, which in relation to the previous year grew by 156% according to official statistics. For the next campaign, although an increase in the implanted area was expected, the drought slowed down the development of this legume. The Rosario Stock Exchange (BCR) calculated that shipments abroad of peas closed the 2021/22 business cycle at 167,000 tons. This favorable scenario is due to two reasons. On the one hand, production had a year-on-year increase of 53% and, furthermore, international market conditions accompanied it. Export demand was led by Venezuela with 72,000 tons, followed by China with 19,000 tons and Brazil with 18,000 tons. Smaller shipments were also made to Senegal, the Philippines, Gambia and Egypt. Globally, the main exporters are Canada, the United States, Russia and Ukraine. At this point, the BCR pointed out that the armed conflict in the Black Sea region ...
Source: ARInfocampo
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