Bunge UK: Unpacking the Dynamics of the UK Pulse Market
About this episode
Ben Pike interviews James Ormerod from Bunge UK to discuss the dynamics of the UK pulse market and the factors influencing bean and pea prices.
In this episode of Inside the Pod , host Ben Pike sits down with pulses trader James Ormerod from Bunge UK to unpack the current dynamics shaping the UK pulse market. James offers a trader’s view of supply and demand, exploring how policy, global competition, and shifting domestic priorities are influencing bean and pea prices. UK bean production has halved in recent years, falling from around 800,000 tonnes to nearer 400,000 tonnes. James attributes much of this decline to SFI (Sustainable Farming Incentive) payments, which have encouraged growers to take land out of production for guaranteed returns. Although Defra’s latest figures suggest a slight recovery in area, the long-term trend remains downward — a concern for both traders and processors. James also discusses how competing protein sources such as soya and rapeseed meal are setting a tough benchmark for beans in feed markets, while export demand has weakened. Still, there are bright spots: the UK’s fish feed sector and poultry market continue to provide strong outlets, and the nation’s reputation for producing high-quality feed beans remains solid. Despite short-term uncertainty, James remains hopeful that renewed policy…
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