Chickpeas: hardly any goods left

December 12, 2022 at 10:52 AM , Der AUDITOR
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NEW DELHI/OTTAWA. Demand currently exceeds supply in India, and no relief is expected here until the arrival of the new crop in March/April next year. In Canada, the crop has been significantly higher than last year, but trade is rather sluggish.

Good profits for traders

Chickpea prices fell slightly by an average of USD 5/mt over the week, but market experts agree that there will probably be no further price reductions for the time being. Demand is high worldwide due to the wedding season in India and the upcoming Christmas holidays, and stocks of Kabuli chickpeas are now negligible. Some traders are holding back their supplies as they expect timely price increases and can make good profits. Sowing is expected to be higher this year, but as the crop will not reach markets until March/April at the earliest,

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