Pulses

Chickpeas: crop to fall short of expectations

April 4, 2022 9:23 AM, Der AUDITOR
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NEW DELHI. Producers report that India's chickpea crop will be much smaller than last year. Adverse weather conditions have impacted yields. High prices are also putting off buyers at present.

Harvest delayed by one month

Production will range lower in all parts of India this year. Adverse weather conditions have not only reduced yields but also caused a month's delay in harvesting. Farmers witnessed a similar situation last year. Prices, therefore, range high and traders do not expect things to improve anytime soon. Export prices have risen by as much as USD 60/mt within only one week due to limited supplies. The prices for chickpeas, size 42-44 (12 mm), range at USD 1,350/mt FOB India.

Chickpeas, India

Type

USD/mt

42-44 (12 mm)

1,350

44-46 (11 mm)

1,335

46-48 (10 mm)

1,315

58-60 (9 mm)

1,270

60-62 (8 mm)

1,260

62-64

1,250

FOB India

Reluctant overseas buyers

The high prices have put off buyers, even if concerns over a possible supply squeeze are well founded. First new crop arrival are, however, of good quality that should revive demand. This may, however, prompt a further rise in prices, whereby the market is expected to remain firm in the next few weeks.

 

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price chart chickpeas dried 42-44 India

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