Chickpeas: growers hold back goods

May 6, 2024 at 4:31 PM , Der AUDITOR
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NEW DELHI/OTTAWA. In order to drive up prices, Indian farmers and traders are currently holding back their stocks, thus creating an artificial shortage. Germany is importing significantly more chickpeas from Russia again.

Prices rise in India

The current price increases on the Indian chickpea market are not high enough for market players after last year's record highs. Traders and farmers are therefore holding back their goods, resulting in an artificial shortage of available raw materials. This has driven up prices. The further the season progresses, the more profitable it seems for sellers to run their businesses strategically. At the same time as commodity prices are rising, so are export prices, which this week stand at USD 1,640/mt FOB India for chickpeas, 42-44 (12 mm).

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