FOOD FORWARD PULSES & BEYOND CAO DERONG CFNA
Chinese pea protein have had a certain impact on China's pea processing industry. Additionally, as China opened up its market to imported peas from Russia in early 2023, impulsive imports by Chinese traders led to a significant increase in pea imports that year. The stock will need some time to use and it is expected that the import volume will decrease to a certain extent in 2024. The import volume in 2025 is expected to remain at similar levels in 2024 but this also depends on whether Chinese pea protein products have found new markets or face new challenges. This year, Russia overtook Canada as the biggest exporter of peas to China, what are some of the factors driving that change? For the pea protein processing industry, Canadian peas are the only choice. Currently, the annual pea processing volume is about 600 to 800 thousand
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