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

Published 2022년 11월 1일

Tridge summary

Argentina experienced a significant increase in pea production for the 2021/22 cycle, leading to a 156% rise in exports. The country saw substantial export activity, with Venezuela, China, and Brazil as the main importers, contributing to Argentina's growing export presence. However, optimism for the next campaign is dampened by drought conditions, expected to reduce pea planting by 17%. Despite these challenges, the pea's adaptability as a winter crop and its water efficiency make it a resilient option for Argentine farmers, particularly in hydric stress situations. The country's production is predominantly green peas, catering to Brazil's preference, but yellow peas are more popular globally, especially in Asia and Africa. The pea cultivation region in Argentina sees around 40 different cultivars, and the industry is positioned to benefit from growing demand, despite the drought's impact.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

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