Chickpeas: no price recovery in sight

March 18, 2024 at 4:19 PM , Der AUDITOR
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NEW DELHI/OTTAWA. Once again, prices on the Indian chickpea market have fallen drastically and, according to market experts, there is no improvement in sight for the time being. In Canada, the acreage is said to have grown considerably.

Large supply, weak demand

Prices on the Indian chickpea market have already been declining for several weeks and have now taken another significant plunge within a week. As holding on to stocks could lead to even greater losses, most farmers have now decided to release their produce for sale. As a result, large quantities of chickpeas are now flooding onto the markets, putting additional pressure on prices. Although demand has stabilised somewhat for the Indian wedding season, buying interest is significantly lower than usual and the prospects for longer-term price

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