Ukrainian peas on the threshold of the Chinese market: prospects for farmers

Published Nov 6, 2024

Tridge summary

The Ukrainian pea market is currently stable with no significant price fluctuations. However, the opening of the Chinese market for Ukrainian pea products in 2025 is anticipated to disrupt the status quo. At the moment, Ukrainian peas are primarily exported to India, Turkey, and the EU. The potential entry into the Chinese market could significantly boost Ukrainian producers' export volumes. Despite the uncertainty of mass purchases by China in 2025, the possibility of entering the Chinese market is already positively impacting the market sentiment among Ukrainian pea producers.

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

Original content

The Ukrainian market for peas remains stable in terms of prices, but analysts expect a possible breakthrough in 2025 due to the opening of the Chinese market for products of Ukrainian origin. This is reported by analysts of the agricultural cooperative PUSK, created within the borders of the Ukrainian Autonomous Region. Currently, Ukrainian intermediaries offer standard purchase prices, but potential access to one of the world's largest markets could change the situation. "As of November, the prices of peas on the domestic market are kept at a stable level. Currently, the purchase prices at the Western Container Terminal in Ternopil range from UAH 15,100 to UAH 15,200/t. Intermediaries offer similar prices in other regions, which vary in the range of UAH 14,800-15,000/ton. At the ports, the prices are slightly higher — UAH 15,500-16,000/t, depending on the quality of the products and delivery conditions," PUSK analysts report. To date, India, Turkey and the EU countries remain the ...

Source: Agravery