The domestic pea market is currently experiencing a decline in prices — before the start of the new season, quotations are falling by several percent. At the same time, more and more traders are turning their attention to this crop for the first time. As a result, demand for new crop peas may rise sharply in mid-summer, and with it, prices.

This was reported by the analytical department of the First Ukrainian Agricultural Cooperative (FUAC), created within the Ukrainian Agri Council.

"We are currently seeing a slight decline in the cost of peas before the start of the season. Theoretically, prices could fall further to 13,500–14,000 UAH/t. But at the same time, many traders who previously did not work with peas at all are now actively getting involved in purchasing. Niche crops usually offer good margins, especially for export. This motivates the market," the analysts noted.

In 2025, the area under pea cultivation increased. Last year, Ukrainian farmers sowed 212,000 hectares with peas, while this year they sowed over 250,000 hectares. However, even these volumes remain relatively small compared to other crops. At the same time, the opening of the Chinese market remains an important factor: demand from the PRC could quickly absorb the entire additional production volume.

"We have seen some growth in acreage, but it's not millions of hectares. China has opened its market, and a significant portion of the peas will likely go there. That is, an additional 40,000 hectares of pea acreage is not such a large resource. In such a situation, a deficit is quite possible — demand will exceed supply," according to the FUAC.

After a short-term decline, pea prices may stabilize and rise in mid-July-August. A similar situation occurred last year, when prices began to rise instead of falling as expected.

“The pea market may again see levels of 15,000–16,000 UAH/t. Everything will depend on logistics, weather conditions, and the pace of Chinese imports,” the experts concluded.