ALL AGRI #Pulses Supply

Market Forecast Driven by increasing demand for pulses in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +1.9% for the period from 2024 to 2035, which is projected to bring the market volume to 29M tons by the end of 2035. In value terms, the market is forecast to increase with an anticipated CAGR of +2.2% for the period from 2024 to 2035, which is projected to bring the market value to $30B (in nominal wholesale prices) by the end of 2035.

Global prices of pulses have plunged to record lows as major producers — Canada, Australia, Russia, and several African nations — compete aggressively for market share. A surge in production, improved harvests, and a race to secure international buyers have flooded the market with supply, driving prices down.