Pulses

Chickpeas: gamble over rumoured change to agri-imports

May 30, 2022 at 11:38 AM , Der AUDITOR
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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

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