Where will Black Sea peas, lentils and chickpeas go in 2018?

 

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Dear friends.

 

The Black Sea region is the fastest growing in the global agricultural economy, having gained a total share in the global grain trade of 22-24%, and 85-90% in sunoil trade. With regard to the international pulse market also witnesses an upward movement of Black Sea countries.

 

In particular, Russia and Ukraine alone accounted for some 27% of global pea output in 2017 against 21% in 2016. (данные из рассылки по бобовой конференции)

 

In particular, Russia and Ukraine alone accounted for some 27% of global pea output in 2017 against 21% in 2016.

 

The Black Sea region share in global trade of peas 2016/17 - 24%, in 2017/18 season estimates share in 35%

Black Sea Region in the Global Trade  |  Infographics

An extremely important aspect is pulse exports, which secure high margins of cultivation and, consequently, further prospects of the Black Sea region in the pulse market.

 

 

Significant expansion of plantings

 

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 production hit a 20-year high in 2017. Expansion of pea plantings against the 2015 low is observed both in Russia and Ukraine. The pea crop in Ukraine hit a 20-year high in 2017.

 

 

External demand

 

While domestic consumption of pulses remains limited, the main factor pushing up their production is external demand. Black Sea pulses are in demand both from Europe and the fast growing Asian market.

 

In the current season, Ukraine and Russia have joined the ranks of the world’s top pea exporters and, in all appearances, the two countries are going to consolidate their market shares next season.

Specialization within the region

 

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

                                                                                                                            

  • What is the region’s real growth potential in the light of the rapid acreage expansion and the influence of climatic factors?
  • Where will Black Sea peas, lentils and chickpeas go in MY 2018/2019?
  • What is the outlook for further market regulation in the key importing countries?

Detailed analytics on the soaring market is available in the new specialized monthly edition:

Pulses market analysis, 2017/2018.

World market. Black Sea region. Ukraine.

See detail
 

Read a selection of the latest highlight about growing market:

 

Sincerely yours,

UkrAgroConsult

 

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