This legume has overtaken corn in terms of exports since the beginning of the season.
Since the beginning of the 2021/22 agricultural year, Russia has exported more than 400 thousand tons of peas — 60% more than in the same period last year.
The «three» countries — importers of this crop included Belgium (47.2 thousand tons), Thailand and Armenia.
All over the world there is an increased demand for peas, prices are growing rapidly: if today the purchase price in ports reaches 24,000 rubles. per ton, then a year ago this figure was 15,000 rubles.
The main supplier of culture in the world is Canada, which has a big crop failure this year.
Therefore, the demand for new markets, ready to compensate for the shortage of peas, from the side of importers is growing.
An important factor contributing to the growth of legumes sales is the absence of export duties.
How long the increased demand for peas will be sustained is difficult to say, but analysts suggest that this will be a long-term trend.
All over the world, the production of vegetable meat and milk is growing, the main component of the production of which is legumes.
These are various proteins, insulators, and so on.
And the supply of pulses for this segment of the industry will be estimated at billions of dollars.
Considering that Russia is in the TOP-10 producing countries for soybeans, for wheat it is the leader in world exports, and for peas — the second after Canada, there are all prerequisites to take a leading position in the segment of supplies for the production of vegetable meat and milk.
Therefore, strategically, growing pulses is becoming an increasingly attractive business.
