Opening of the Chinese market will not significantly affect pea crops in Ukraine
The opening of China to Ukrainian peas will not significantly affect the market, at least not for now, because there are almost no peas left from the previous harvest. It is also unlikely that this will affect crops: it is predicted that the area under peas will remain without cardinal changes – it is about 150 thousand hectares.
This was told to AgroPortal.ua by broker VEA Brokers Viktor Korobko.
“It is unlikely that a farmer will strongly and immediately focus on the new market. This is a long and uncertain process: today they introduced duties – tomorrow they removed them… In addition, the pea market is not transparent – there are no exchanges such as Chicago and MATIF,” Viktor Korobko believes.
However, according to VEA Brokers forecasts, Ukrainian producers will be able to harvest 420-450 thousand tons or even half a million of the new crop, it will depend on the weather.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Ukrainian wheat flour exports in October exceeded last year’s figure
Bulgaria: Rapeseed processing keeps expanding even as the harvest falls
Egypt’s Mostakbal Misr says it has settled with traders for wheat stuck in p...
Panamax demand to surge as China returns to US soybean market
Record wheat harvests put pressure on prices: analysts forecast further decline
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon