Pulses

Chickpeas: price trend continues

April 11, 2022 10:37 AM, Der AUDITOR
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NEW DELHI. Prices for Indian chickpeas continue to increase thanks to good demand and the prospect of a relatively small crop. The situation is similar to last year.

Further price increases

At the beginning of the new marketing year, Indian market players report good chickpea arrivals on the markets, for example in New Delhi. Supply and demand are largely in balance here, but the high buying interest has caused prices to climb by another USD 50/mt compared to last week. Experts estimate that this trend will continue and that traders will be able to make good profits. Currently, export prices for Indian chickpeas, 42-44 (12 mm) are at USD 1,400/mt FOB India.

Chickpeas, India

Type

USD/mt

42-44 (12 mm)

1,400

44-46 (11 mm)

1,385

46-48 (10 mm)

1,365

58-60 (9 mm)

1,320

60-62 (8 mm)

1,310

62-64

1,300

FOB India

Crop volume down by almost a quarter in Maharashtra

After India's total production reached around 2 million mt in the 2019/20 season, it dropped significantly last year to only 1.5 million mt, despite large quantities of raw materials being imported from Sudan at favourable prices, according to market players. Farmers and producers expect a similar situation this year. Originally, they had expected better yields, but unfavourable weather conditions had led to high crop losses. In Maharashtra, for example, the total yield is expected to decline by 24%, while reports from Gujarat indicate that the yield per hectare is likely to be 8-10% smaller than hoped for. This should support prices and in all likelihood even push them up further.

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price chart, chickpeas, 44/46, India
price chart, chickpeas, 46/48, India
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