Chickpeas: NAFED sells stocks

September 25, 2023 at 12:04 PM , Der AUDITOR
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NEW DELHI/OTTAWA. Price increases in the Indian domestic market have prompted NAFED to release parts of its stocks for sale. Meanwhile, the market in Canada is stable.

Further price increases in India

According to Indian market players, the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is said to have considerable chickpea stocks of 3.75 million mt. After domestic prices began to rise noticeably, NAFED initiated open market sales to counteract this. Compared to the beginning of the year, the chickpea market has already seen significant price increases, while NAFED offered its commodities partly at prices below the minimum support price (MSP) of USD 0.70/kg. In the meantime, the MSP has been raised by

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