The 2025/26 season has become paradoxical for Ukraine’s peas market: a record harvest has resulted in record marketing difficulties, ProAgro Group reports.
Total peas production reached 653 thousand tonnes, up 40% year-on-year and the highest level in the past seven years. However, export volumes have been unusually low for the first half of the marketing year.
Between July and December 2025, Ukraine exported only 160 thousand tonnes of peas, down 34% compared with the first half of the 2024/25 marketing year. This represents only about one third of the season’s total export potential, while in previous years 60–70% of volumes were typically sold by mid-season. Such dynamics have created excess domestic supply and increased downward pressure on prices.
Traditional demand drivers, including India and Turkey, have largely exited the market, while the anticipated China direction has yet to become a mass outlet.
Against this backdrop, export prices fell to $260–270 per tonne CPT Odesa by late autumn, marking the lowest level in the past year and further restraining sales.
Earlier, analysts noted that the global peas market is currently experiencing oversupply, with stocks estimated at around 4 million tonnes, putting additional pressure on prices. At the same time, this situation opens up new opportunities for importers and increases the importance of regions such as the Middle East and North Africa in global pulse trade.
Source: UkrAgroConsult
