A recovery trend is noticed in the Black Sea production of pulses. Their plantings expanded both in Russia and Ukraine against the 2015 minimum. Remarkably, Ukraine’s pea sown acreage hit a 20-year high in 2017, suggesting new harvest records to be set in the country.
While pea consumption in the domestic market remains limited – the main factor pushing up this crop’s production is external demand. Black Sea peas are in demand both from Europe and the fast growing Asian market. This gives every reason to expect the region’s export potential to further increase in the 2017/18 season.
Of course, against the background of Canada potentially able to export over 3 MMT of peas this season, both Ukraine and Russia hold noticeably weaker positions, but they have growth potential. In the current season, Ukraine and Russia have joined the ranks of the world’s top pea exporters. In all appearances, the two countries are going to consolidate their market shares next season.
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