Chickpeas: price increases are unlikely

June 17, 2024 at 4:42 PM , Der AUDITOR
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NEW DELHI/OTTAWA. Due to the high production and the large quantity available, it is unlikely that Indian chickpea prices will rise significantly in the coming months. Sowing for the new crop is underway in Canada.

Hardly any export demand

Due to the high production, large stocks of kabuli chickpeas have accumulated in the Indian growing states of Madhya Pradesh, Maharashtra, Andhra Pradesh and Karnataka. At the same time, market players report that export demand has fallen massively year-on-year, meaning that no significant price increase is expected for the time being. Last year, record prices prompted Indian farmers to expand sowing by more than 50% in all states. Favourable weather conditions boosted production from 1.8 million mt to 3 million mt.

Rain coul

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