THE BIG PICTURE
originating in the Russian Federation or Belarus. These import duties have their roots in various anxieties within the EU about Russia, such as the possible destabilization of the common market through Russian products coming into the union, and a concern that these products may come illegally from Ukrainian sources in parts of the country currently occupied by Russian troops. As of July 1, a 50% duty must be paid to import Russian or Belarusian origin dry peas of any kind, including those that pass through middlemen countries such as Kazakhstan or Turkey. An industry source puts 2024 EU pea estimates down by 4% YoY to 931,000 ha – which would project production of roughly 2.3 MMT based on a yield of 2.5 MT/ha. EU markets last year imported around 1 MMT of yellow peas to satisfy
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