GPC Ukraine Conference. Overall results.

GPC Ukraine Conference. Overall results.

The GPC’s World Pulses Day Ukraine Market Outlook Conference was conducted on February 17th and featured expert panels that analyzed the market conditions for each crop. The event was extremely important as the country heads into its pulse-planting season. Our company took part in the webinar as a member of the Global Pulse Confederation (GPC).

2021 GPC Market Outlook webinar attracted hundreds of participants who were representing the leading companies in the global pulse trade industry. This event provided unique networking opportunities for all the participants and members.

This webinar featured leaders of Ukraine's pulses industry and sessions on dry beans, chickpeas, peas, impact of COVID-19 on logistics, business sustainability and climate change. Among the keynote speakers who took part in the discussion were: NAFED Additional Managing Director – Sunil Kumar Singh, GPC President – Cindy Brown and officials from Ukraine’s Ministry of Agriculture.

In recent years, Ukraine has emerged as an important exporter of pulses. Ukraine exports significant volumes of peas, chickpeas, beans and lentils. The top markets for Ukrainian pulses include Europe, India, Turkey and Pakistan. Ukraine has constantly growing volumes of pulses shipped to other destinations such as Malaysia, Bangladesh, Egypt, Jordan, Israel and others.

A brief outlook of Ukrainian Market shows that in 2020, beans became the only legume under which the sown area was increased. Beans also have the highest profitability of all pulses in Ukraine, that is why the area under this crop has been increasing since 2018. The EU became the main buyer of Ukrainian beans and its countries increased the volume of purchases of Ukrainian beans by 31% compared to 2019. Sown areas under lentils in 2020 were reduced. Most likely the situation will remain the same in 2021. As for peas, importers prefer to buy this crop from Russia, as current export price of Ukrainian peas is uncompetitive. Sown areas under chickpeas in 2020 were reduced, which led to a reduction in yield and export potential. The growth of demand from India may encourage Ukrainian farmers to increase the area under chickpeas in 2021.