Chickpeas: market defies pressure

October 14, 2024 at 12:25 PM , Der AUDITOR
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NEW DELHI/OTTAWA. Weak demand and lower consumption are putting pressure on stockists who have purchased large quantities of chickpeas after last year's record prices. While commodity prices are falling, export prices are holding steady for the time being.

Market remains largely stable

After the sharp rise in chickpea prices last year, Indian traders built up considerable stocks. The boom in August then prompted stockists to make further purchases, but since then a standstill in export demand combined with a decline in consumption has put the market under considerable pressure. This is not yet reflected in export prices this week, but commodity prices are already starting to fall and are at USD 1.20-1.24/kg. Last year, prices of USD 1.56/kg were achieved in some cases. In view of the subdued domestic demand and stable

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