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 May 31, 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 to slash pulse imports by 50% in 2018

Experts of the International Grains Council (IGC) have published the first forecast for the global pulses trade in 2018 (January-December). Their estimate is at a four-year low. This figure is down 10% from 2017 and 2% lower than the five-year mean.

Experts predict a decline in sales of the three major pulses – peas, lentils, and chickpeas – due to the contraction of India’s market. The IGC expects the country to slash purchases down 50% from last year.

 

Black Sea region enhancing its role in the pea market

The current 2017/18 season is drawing to an end with new achievements of the Black Sea region in the pulses market.

Traditionally, the main pulse crop in Ukraine and Russia is peas, which now account for 75-85% of total pulse production in these countries.

As it is known, both Ukraine and Russia harvested bumper pea crops in 2017.

Moreover, despite intensifying competition among pea exporters in the world market, both Ukraine and Russia managed to step up pea exports considerably.

Ukraine exported all-time high volume of peas during the first ten months of the 2017/18 season. This is already up 50% from the whole of MY 2016/17, UkrAgroConsult reports.

Regarding the outlook for the upcoming 2018/19 season, all indications are that the Black Sea region will continue increasing its role in the world pea market.

 

Russia will not realize its chickpea export potential in 2017/18 season

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

The top importers of Russian chickpeas – Turkey and Pakistan – slashed purchases by half during the first nine months of the current season against the same period a year ago.

Being the second biggest importer in July-March 2016/17, India slashed chickpea imports from Russia six times in the same period this season, from 36 KMT to 5.8 KMT.  

Supplies to Egypt and Jordan remain at roughly the same levels.

At the same time, the UAE imported three times as much chickpeas from Russia as in the whole of MY 2016/17. Saudi Arabia increased purchases four times this season.

Shipments to the European Union were up 20% year-over-year at 6.6 KMT this season against 5.4 KMT in the whole of MY 2016/17.

Noteworthy is that chickpea production in Russia increased 31% in 2017, but this season’s export potential of Russian chickpeas will hardly be realized because major consuming countries expanded production of this crop.

 

Kazakh peas lost the Turkish market

Although the crop of peas in Kazakhstan increased substantially in 2017, their exports have started sinking. The reasons include both intensifying competition among exporters of this crop and weaker foreign demand, reports UkrAgroConsult.

Kazakhstan exported some 20.2 KMT of peas in the first seven months of 2017/18 (September-March) that is more than four times less than it supplied abroad last marketing year.

Turkey, which was the main export destination for Kazakh peas before, is now fully switched to purchases from Russia and Ukraine. So, Kazakhstan has lost its top pea buyer; only minor importers are still left.

Both Ukraine and Russia received bumper pea crops in 2017, thus export potential in these countries increased considerably.

For the same reason, Kazakh pea exports to the EU also decreased. So, pea deliveries from Ukraine to the European Union expanded more than five times in September-March against the same period in MY 2016/17.

Ukraine during the first ten months of the 2017/18 season exported already up 50% from the whole of MY 2016/17 and an all-time high for Ukrainian pea exports. Thus, Ukraine has already almost fully realized its pea export potential for the current season

Russia seems unlikely to fully realize its export potential, i.e. to sell out its domestic pea surplus. Nevertheless, this is also a record export volume for Russia.

Regarding the outlook for the upcoming 2018/19 season, all indications are that the Black Sea region will continue increasing its role in the world pea market.

 

Bulgaria opening new markets for peas

According to EuroStat, Bulgaria boosted pea exports by 138% in July-March 2017/18 against the same time last season. The country managed to step up exports owing to a 2017 crop rise to 97 KMT (47 KMT in 2016).

This season’s main destination for Bulgarian peas is Turkey, which imported 25.1 KMT against 7 KMT in the same period last season. In MY 2016/17, the top place was held by India, but it did not purchase Bulgarian peas this season.

The second biggest buyer was the neighboring Romania. Spain, which was not among importers of the Bulgarian commodity last season, purchased some 12 KMT. In addition, in the current season, Bulgarian exporters opened the market of Egypt, which absorbed 0.7 KMT.


 

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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May 2018
08.06.2018
April 2018
05.05.2018
March 2018
03.04.2018
February 2018
28.03.2018
January 2018
28.03.2018
December 2017
28.03.2018
November 2017
28.03.2018
September 2017
28.03.2018