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

Published Nov 8, 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, Ukraine's pea products are primarily exported to India, Turkey, and the EU. The potential entry into the Chinese market, under negotiations for 2025, could greatly increase Ukrainian producers' export opportunities and optimism, even if initial purchases are limited. This development is expected to help maintain high price levels in the market, benefiting producers.

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

Original content

The Ukrainian pea market 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 was reported by analysts of the agricultural cooperative PUSK, created within the VAR. 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, prices for peas on the domestic market have remained stable. Now at the Western Container Terminal in Ternopil, purchase prices range from 15 100 to 15 200 UAH/t. Intermediaries offer similar prices in other regions, which range from 14 800-15 000 UAH/t. At ports, prices are slightly higher – 15,500-16,000 UAH/t, depending on product quality and delivery terms,” say PUSK analysts. As of today, India, Turkey and the EU countries remain the major importers of Ukrainian peas, but the negotiations with China are already underway on the ...

Source: UkrAgroConsult