High freight costs prevent imports
Indian chickpeas continued their slight upward trend and were able to achieve price increases of about 10 USD/mt again this week. However, after the government decided to sell parts of its stocks cheaply for social welfare programmes, traders' confidence has been severely dented. Importers are hardly doing any business at the moment, as freight costs from important sourcing countries like Australia, Mexico and Russia are so high that they cannot compete with the domestic prices.
The government defends its decision by saying