Pulses

Chickpeas: gamble over rumoured change to agri-imports

May 30, 2022 at 11:38 AM , Der AUDITOR
Play report as audio

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.

Trade surplus at risk

Inflation, in fact, surged to an eight-year high of 7.79% in April mainly driven by higher edible oil and fuel prices as official data shows. This has prompted the government to announce several interest rate hikes, which were recently raised by 0.4% to curb inflation. As this impacts the retail repo rate and ultimately consumer spending stockists with large holding capacities for chickpeas prefer not to release supplies at present.

On top of this rumour has it that a drastic policy change for agricultural imports will be implemented so

View related articles

Go to the News Overview
Pulses
Mar 25, 2024
NEW DELHI. New harvests have flooded the market in India with chickpeas leaving little option but for prices to turn in one direction.
Pulses
Mar 18, 2024
NEW DELHI/OTTAWA. Once again, prices on the Indian chickpea market have fallen drastically and, according to market experts, there is no improvement in sight for the time being. In Canada, the acreage is said to have grown considerably.
Pulses
Mar 11, 2024
NEW DELHI/OTTAWA. The prices of Indian chickpeas have undergone a sharp fluctuation in the past few days. There have also been significant changes in Canada.
Pulses
Mar 4, 2024
NEW DELHI/OTTAWA. In India, but also in other important growing countries such as Canada and the Ukraine, the area under cultivation is said to have increased considerably due to favourable prices. This is likely to put pressure on the market in the new season.