GPC: Ukraine Market Outlook. Peas.
In 2020, the share of Ukrainian peas in the global structure decreased to 4%. India was the main consumer of Ukrainian peas during the last couple of years, but in 2019/20 season this situation changed, and Ukraine redirected more than 40% of its pea exports to the EU.
A 4 years’ perspective shows that the exports of peas has been declining since 2017/18 season. The overall decline is 57% and such a sharp slump is caused by the volume of production, yields and profitability of this crop. The production of peas has decreased by 53% while the average yields have decreased by more than 18% since 2017/18 season. Domestic consumption of peas was around 65 thousand tons in 2020 and looks stable over the last years.
Many experts share optimistic hopes regarding the production of peas in Ukraine and expect that in 2021/22 it will be around 551 thousand tons, which is 8% more than the previous season, whereas the export is expected to be 415 thousand tons in 2021/22, which is 11% more than it was last season.
It is very difficult to make any prediction about the total production of peas before the start of 2021 sowing campaign that is right around the corner. Weather conditions and climate change can have a profound effect on crops as well. Anyway, we’ll continue to monitor this situation closely and keep you posted.
Next in line: overall results of GPC Ukraine Conference. Stay tuned and make sure you follow us on Facebook and LinkedIn.