Chickpeas: demand picks up

May 22, 2023 at 11:36 AM , Der AUDITOR
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NEW DELHI/OTTAWA. Traders in both the Indian and Canadian markets report increased buying interest. One problem, however, is the scarce availability. Meanwhile, sowing has started in Canada.

Export prices rise

Chickpea prices on the Indian market have risen again by USD 20/mt week-on-week, but traders see further potential for price increases, so the upper end has not yet been reached. One problem remains the tight availability, especially in Madhya Pradesh, but also in Haryana and Punjab, which has already led to supply problems during the season. Farmers are busy selling their stocks, but feel that the prices they are getting are too low. Export prices for Indian chickpeas, 42-44 (12 mm) are currently at USD 1,550/mt FOB India.

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