Pulse Market Reports - Industry Analysis and Price Updates
Follow global and Black Sea pulses, market outlook, latest news, updates of prices for lentils and pulses, pea and chickpea market analysis in monthly reports by UkrAgroConsult.

Pulses market analysis, 2018 - Monthly report.

 

World market of pulses, Black Sea region, Ukraine.

 


Pulses market  

Updated Mar. 30, 2018

 

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You are looking at a specialized monthly report focused on Black Sea pulses, though it also presents a detailed analysis of world pulse market trends and prices.

The analytical material is broken down by the region’s key pulse producers: Ukraine, Russia, Kazakhstan, Romania and Bulgaria.

The report updates embrace crops such as peas, lentils, kidney beans, chickpeas, mung beans, and other niche crops.
 

 

In the latest issue

Contents

Archive

 

 

 

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The monthly analytical report on pulses contains the following:

  • detailed analysis of events in the world and Black Sea pulse markets
  • global trends and competition
  • key drivers of demand for Black Sea pulses
  • estimates for global production and exports
  • peculiarities of regional pulse production, margin estimates
  • pulse price trends and factorial analysis of pricing
  • production forecasts, impact of weather conditions
  • supply and demand balances for pulses
  • end markets for Black Sea pulses
  • ranking of pulse exporting companies
  • monitoring of the regulatory framework
  • company news

 

Latest issues

 

In the latest update:

 

 

India raised again the import duty on chickpeas

India continues exiting the global pulses market with its sudden changes in foreign-trade regulation. India’s government raised the import duty on desi chickpeas (or black gram) from 40% to 60% on March 1 and that on kabuli chickpeas (kabuli chana) by as much on March 20.

Like in the case of the previous novelties, the new tariff came into force on the day of its announcement by the government.

 

Turkey remaining the most important end market for Black Sea pulses

Turkey is a major participant of the international trade in pulses, being both an importer and exporter. The International Grains Council (IGC) estimates that the country retained its position of the world’s third largest pulse importer in 2017, when Turkey imported 16.2 MMT (16.1 MMT in 2016). The country’s share equaled 7% in 2017, the same as in 2016, whereas the top pulse buyer – India – reduced its share to 28% in 2017.

At the same time, Turkey continues purchasing a lot of pulses from Black Sea countries in the current season despite a downward trend in imports.

Pulse shipments from Russia, Ukraine and Kazakhstan to this market grew by 32% year-on-year.

At the same time, Turkey decreases imports due to a rise in domestic production of staple pulses such as chickpeas and lentils.

 

Ukraine increased pea exports by 75% in February

Ukrainian pea exports in February 2018 were up 75% against January. This is also 11% more than in February 2017.

Despite a slowdown in exports in January-February 2017/18, this season’s pea supplies to foreign markets are already 26% higher than shipped abroad for the whole marketing year of 2016/17.

Traditionally, the key end market for Ukrainian peas in the reporting period was India (41% versus 34% in MY 2016/17). Strengthening demand is reported from the European Union. Ukrainian exporters also boosted pea supplies to the markets of Pakistan, Somalia, Malaysia and Syria.

 

Russian chickpea exports plummeted by 40% in MY 2017/18

A slowdown is reported in Russian chickpea exports in MY 2017/18. The country shipped abroad in the first seven months of the season volumes of chickpeas that are down 40% year-on-year.

As before, the main end market for Russian chickpeas is Turkey. Its export share equaled 50% in MY 2017/18 against 56% in MY 2016/17. Pakistan, Egypt and the UAE stepped up imports and outstripped India, which was the second largest buyer of Russian chickpeas in MY 2016/17.

 

Lentil exports from Kazakhstan down from last year

The interest of Kazakh farmers in lentil growing has increased sharply over the last two years. This crop’s plantings have expanded from 7 Th ha to 331.5 Th ha in the past three years. In view of this jump in lentil production, over 70% of its volume has been shipped abroad over the last two seasons.

It is lentil end-markets for which Kazakhstan and Russia have aggravated competition this season. Russian exporters have also managed to substantially enhance their position in supplies of this pulse crop.
 

USA to increase seeding area of chickpeas, area of lentils and peas is going to decline

According to USDA`s seeding intentions report, published on March, 29, USA farmers are going to increase area planted for chickpeas in 2018 by 7%.

Taking into account low profitability of peas and lentils, planted area of these crops is going to decline by 20% and 28% y/y, respectively.

Ukraine losing to Canada because of the impossibility to form homogenous export lots of pulses – an opinion

In respect of quality, Ukrainian pulses (in particular, chickpeas and kidney beans) are a bit inferior to Canadian ones. The reasons include primarily the difficulty of forming homogeneous lots of large size, Anko-Agrotrade CEO Dmytro Kovalenko told.

 

Ed&F Man Ukraine intends to grow pulses instead of sugar beet
ED&F Man Ukraine’s agricultural subsidiary will be switched to growing pulses, which are more remunerative now.

So, operation of ED&F Man Ukraine’s Zaselsky sugar mill will be suspended. This decision has been made because of a sugar glut envisaged in the near-term outlook.

 

What the global pulse market trend is like

Global production of pulse crops increases steadily and is predicted to reach 60 MMT by 2020. The greatest contributor to this gain is expected to be the Black Sea region.

In response to the increasing demand from both the European and Asian markets, Ukraine, Russia, Bulgaria, Romania and Kazakhstan have been expanding their planted areas for a second year in a row.
 

Black Sea Region GrainBlack Sea Region Grain sunoilBlack Sea Region Pea (dry)

 

Significant expansion of the planted acreage

Pea plantings expand against the 2015 low both in Russia and Ukraine. Ukraine’s pea crop hit a 20-year high in 2017.
 

Foreign demand

While domestic consumption of pulses is still limited, the key factor promoting production is foreign demand. Black Sea pulses are in demand from both Europe and the fast-growing Asian market.
Ukraine and Russia have joined the ranks of the world’s largest pea exporters this season and, in all probability, they intend to reinforce their market positions next season, too.

 

Specialization within the region

While Ukraine has focused on growing of peas, Russia and Kazakhstan produce significant volumes of chickpeas and lentils, respectively. Over just three years, Kazakh lentil plantings expanded from 7 Th ha to more than 300 Th ha sown for the 2017 harvest.


 

Detailed contents, description of tables and diagrams:

1. Pulse prices
2. Key trends of the world market
2.1. Peas
2.2. Lentils
3. Trends in Black Sea countries
4. Foreign economic activity
5. Market news

 

Pulse market review

Exhaustive Analytics of the Black Sea pulses market from the global perspective:

Pulses issue

 

 

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March 2018
03.04.2018
February 2018
28.03.2018
January 2018
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December 2017
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November 2017
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September 2017
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