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