The purchase price of peas in Ukraine grow amid declining crop

2018-08-21 12:03:57
Machine translation
The purchase price of peas in Ukraine grow amid declining crop

this season, the Ukrainian producers have increased the area for planting of peas, even despite the decline in world prices, but dry weather in the spring and precipitation during harvest reduced the yield and gross yield.

 

As of August 20 in Ukraine, with 428 thousand hectares (98% of area) produced 795 tonnes of peas with a yield of 1.86 t/ha.

 

last season Ukrainian agrarians harvested 1.1 mln tonnes of peas and exported nearly 800 thousand tons.

 

the Decline in yields and the rise in grain prices led to higher purchasing prices on peas for 5-6 $/t to 190-195 $/t or 6200-6400 UAH/t with delivery to the port.

 

the Rise of the dollar was an additional reason for the increase in hryvnia prices, which since the beginning of August have grown by 300-400 UAH/t and reach 5500-5700 UAH/t on the Franco-elevators.

 

Through the low purchasing prices on peas early in the season farmers were reluctant to sell large quantities of grain. Price growth in the previous year promotes trade peas in the near future.