News Capsule: Russian Pulses Market 2026
22-Apr-2026 10:10 AM
News Capsule: Russian Pulses Market 2026
★ The Russian pulses market remains under pressure in 2026. Pea exports are estimated at around 15 lakh tonnes, with China as the key buyer, and Russia gaining market share due to tariff shifts. In the first quarter alone, about 3.4 lakh tonnes of pulses were exported from Krasnodar ports, including 2.52 lakh tonnes of peas.
★ Low prices are reducing farmers’ interest in pulses. Area under chickpeas, lentils, and peas is expected to decline by around 20% this year. A significant portion of land is shifting towards oilseeds such as soybean, sunflower, and rapeseed, which are offering better returns.
★ Global oversupply remains a major factor. Record production in Canada and Australia has led to a sharp decline in prices—lentil prices have dropped from around $1100/tonne to $600/tonne, while chickpea prices have fallen from $950 to $500–600/tonne.
★ Despite tensions in the Middle East (Iran region), prices have not seen any major impact so far due to ample supply and strong buyer-side control in the market.
★ If weather conditions remain normal and production stabilizes, a mild price recovery may be seen next year. However, for now, the market continues to favor buyers due to excess supply and weak prices.