Chickpeas: no price drops for now

November 28, 2022 at 10:32 AM, Der AUDITOR
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NEW DELHI/OTTAWA. Low supplies and the prospect of increased demand at Christmas time are causing prices to climb in the Indian chickpea market. Canadian traders are also keeping a close eye on the situation in India.

Tight supplies

The situation in the Indian chickpea market is slowly but surely getting worse. Usually, processors and traders could expect to see significant price increases in the wake of the Diwali festival, but the large quantity of commodities released by the National Agricultural Cooperative Marketing Federation of India (NAFED) at favourable prices has thrown a spanner in the plan this year. In addition, production was lower last season and supply is tight on the international market. For this reason, prices have risen slightly again.

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