Chickpeas: early sowing in Maharashtra

September 19, 2022 10:58 AM, Der AUDITOR
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NEW DELHI/OTTAWA. Government intervention in the Indian market has caused temporary irritation. Meanwhile, lower yields are expected in Canada and Mexico, which should support prices.

Government makes favourable prices

After stalling in recent weeks, chickpea prices are now showing a slight upward trend again. The recent announcement by the Indian government to sell 1.5 million mt of chickpeas from its own stocks for certain projects at a concessional price has temporarily paralysed trade. Traders had expected the government to intervene in the market only when prices reached the minimum support price, which is not the case. In addition, public holidays currently taking place in India are generally causing lower demand. In order to be able to kee

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