Chickpeas: effective strategy of farmers

June 20, 2022 12:44 PM, Der AUDITOR
Play report as audio

NEW DELHI. Indian growers are pursuing a strategic plan to drive the permanently declining prices for chickpeas back up - and their plan might actually work. Meanwhile, the government continues to buy large quantities.

Artificial shortage

The price decline, which has continued steadily after the increase in April, is still continuing - export prices have fallen again by USD 15/mt compared to last week. In the meantime, Indian farmers are trying to create price increases through artificial shortages on the local spot markets - a plan that could well work. Market players report that the price on the mandis in Maharashtra has risen from USD 0.91 to USD 0.95/kg within a few hours.

Chickpeas, In

View related articles

Go to the News Overview
Jun 13, 2022
NEW DELHI. The Indian government is currently buying large quantities of chickpeas to the relief of farmers, with the minimum support price even being almost a fifth above current spot market prices. Overall, inflation is giving market players a hard time.
Fruit and Vegetables
Jun 13, 2022
BEIJING. For both red kidney beans and mung beans, Chinese market players expect smaller acreages this year. This is already having an impact on prices.
May 30, 2022
NEW DELHI. As inflation has hit an eight-year high in India and the government is hiking interest rates this has impacting trading activities for chickpeas. Rumour also has it that a massive policy change for agricultural imports is in the making. This high degree of uncertainty is giving rise to scepticism and speculations.