Pulses

Chickpeas: high availability puts pressure on prices

May 9, 2022 12:53 PM, Der AUDITOR
Play report as audio

NEW DELHI/OTTAWA. The high prices at the beginning of April have prompted many Indian producers to release their goods for sale. As a result, large quantities are now available, which in turn has led to price reductions. In North America, however, prices are more stable.

Growers are hesitant

Indian chickpeas continue their downward trend this week. After prices had risen abruptly at the beginning of April, many farmers had seized the opportunity and released large quantities of their goods for sale. However, the high availability on the spot markets has meant that prices have now been falling for several weeks. In the meantime, growers are undecided how to proceed. Most of them are holding back their remaining goods for the time being, hoping that the shortage will lead to new price increases. According to market play

View related articles

Go to the News Overview
Pulses
Sep 26, 2022
NEW DELHI/OTTAWA. Due to the government's decision to sell their goods at lower prices for social projects, Indian traders' confidence has suffered greatly. Meanwhile, prices have risen slightly again.
Fruit and Vegetables
Sep 21, 2022
BEIJING. While the prices for red kidney beans have risen, the opposite is the case for black kidney and adzuki beans. Harvesting is in full swing in China and the new crop is arriving in the market.
Pulses
Sep 19, 2022
NEW DELHI/OTTAWA. Government intervention in the Indian market has caused temporary irritation. Meanwhile, lower yields are expected in Canada and Mexico, which should support prices.
Pulses
Sep 12, 2022
NEW DELHI/CANBERRA. Chickpea production in Australia could be more than 40% lower this season, according to experts. In India, interesting developments are currently taking place in the chickpea market.