May 2, 2024
Gaurav Jain compares acreage estimates from the European Commission with AgPulse Analytica market data predicting a larger planted area and subsequent larger pea crop in the region.
The European Union has gained prominence in pea imports in the past couple of years. From being a net exporter, it has become one of the largest pea importers in the world. Demand from Spain, Italy and Germany is growing at a fast pace and domestic production is unable to keep up. The European Commission, in its latest report, has projected a lower pea acreage and production figure for MY 2024/25, compared to the previous marketing year. AgPulse analysis, however, predicts an expected increase in pea acreage. This projection stems from several key factors, including rising demand, attractive market prices, and the unique agronomic benefits peas offer.
According to the European Commission data, this year’s pea crop is unable to find additional acreage, despite large domestic demand and prevailing high prices. Though the first estimate for EU pea acreage suggests a decrease of 3.5% from the previous year, the absolute figure is the third highest in history at 930,857 hectares. Among the large producers, French farmers are expected to increase their planted area by 9% and Romanians by 23%. Decreases in hectares are seen in Spain (-31%), Germany (-2%), and Lithuania (-7%).
READ THE FULL ARTICLEAgPulse Analytica / Gaurav Jain / yellow pea / EU pea production / pea acres / Spain / France / Romania
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