Elizabeth Gilbert, Author at Commodity Board Europe is an independent commodity market intelligence platform providing global production data, price insights and market analysis for agricultural and food commodities.

Why Are Canola Prices Rising Despite Record-High Stockpiles?

Posted on 11 September, 2024

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Global Sunflower Exports Set to Plummet: What Does This Mean for the Market?

Posted on 11 September, 2024

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How Ukraine’s New Export Price Rules Could Reshape Global Agricultural Trade

Posted on 10 September, 2024

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Ukraine’s Grain Harvest Reaches 29.3 Million Tons: Exports Surge Amid Mixed Yields

Posted on 10 September, 2024

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The Pulses Market Presents Opportunities for Growth Since 2015, global pulses trade has surged by 29%, and this year, it is expected to reach 21 million tons. Major players in this growing market include Türkiye, Russia, and Argentina, which are gaining prominence as demand continues to rise. Although the global pulses market remains smaller compared to other key grains, increasing demand presents significant opportunities for both current market players and new exporters. Türkiye’s Growing Role in the Pulses Market Agricultural experts predict that Türkiye, a key exporter in the Middle East, will continue to see growth in the pulses market, potentially attracting new entrants. Pulses like chickpeas, peas, and lentils are gaining recognition for their role in promoting sustainable farming practices, thanks to their natural soil-improving and greenhouse gas-absorbing qualities. These factors position pulses as a key commodity for the future of agriculture. Pulses Trade Dominated by Chickpeas, Peas, and Lentils It is estimated that global pulses production stands at around 100 million tons, with chickpeas, peas, and lentils accounting for 40% of this total. Since 2015, pulses trade has increased by 29%, with an annual growth rate of approximately 3%. The International Grains Council forecasts that global pulses trade will reach 21 million tons by 2024, meaning that one-fifth of global production will be exported. Chickpeas, peas, and lentils make up 68% of the total trade volume. Türkiye, Russia, and Argentina Emerging as Key Players While major exporters like Canada and Australia dominate the global pulses market—Canada being the leading exporter of peas and lentils, and Australia playing a significant role in chickpeas and lentils—countries such as Türkiye are increasing their market share. According to a report by Vito Martielli, a senior analyst at Rabobank, new players are emerging in the global trade scene. Russia is expanding its share in pea exports, while Argentina is becoming a key exporter of various beans. Türkiye has positioned itself as a hub for processing and distributing pulses throughout the Middle East and North Africa, while Egypt remains the world’s largest importer of fava beans. Growing Demand for Pulses Driven by Their Role as Affordable Protein Rabobank identifies two major factors behind the rising demand for pulses: their status as an affordable protein source in developing markets and their use in plant-based meat and dairy alternatives in developed markets. However, Martielli notes that more steps need to be taken to enhance trade and investment in this niche industry. Pulses are not yet classified as a commodity, and there are still barriers to market entry. "Price fluctuations and a lack of transparency in the pricing process are key issues," Martielli explains The pulses market is on the rise, driven by both its sustainability benefits and its role as an affordable source of protein. Türkiye’s growing presence in this sector, along with new players like Russia and Argentina, is reshaping the global pulses trade. However, challenges such as price volatility and a lack of transparency in market data must be addressed to unlock the full potential of this growing market. With global demand for plant-based proteins increasing, the future of pulses looks promising, but the industry must continue to adapt to meet these evolving needs.

Pulses Market Expansion: Can New Players Capitalize on Growing Demand?

Posted on 10 September, 2024

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Food Insecurity in the U.S. Continues to Rise, Affecting Millions

Posted on 9 September, 2024

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Global Sugar Prices Drop Amid Rising Cane Production Forecasts

Posted on 9 September, 2024

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California Almond Market Update: Heatwave Impacts Harvest and Crop Expectations

Posted on 9 September, 2024

California is still grappling with… 🔹 For logged-out users (not logged in) Please register for a FREE membership to read this report. All reports on CMB News are free to […]

Corn Export Prices Rise in Ukraine Amid Global Supply Concerns

Posted on 9 September, 2024

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Can Ukraine’s Sunflower Prices Stay High Amid Volatile Global Markets?

Posted on 9 September, 2024

Sunflower Harvest Accelerates in Ukraine,… 🔹 For logged-out users (not logged in) Please register for a FREE membership to read this report. All reports on CMB News are free to […]

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