Chickpeas: prices under pressure

February 27, 2023 at 11:26 AM , Der AUDITOR
Play report as audio

NEW DELHI/OTTAWA. The prospect of a good crop and relatively weak buying interest are causing further price declines in the Indian chickpea market. In Canada, buyers are currently buying only on demand.

Domestic demand offers support

Prices in the Indian chickpea market had already fallen slightly last week, and as the hoped-for Ramadan demand from the Gulf countries has not yet picked up strongly enough, the price declines continue this week. Supplies are now showing a mixed picture; while traders and farmers are running low on the old crop, the arrival of the new crop is putting pressure on prices. Prior to the arrival of the new crop, there was little trading activity due to the shortage, with only relatively good domestic demand due to the Indian wedding season

View related articles

Go to the News Overview
Pulses
Dec 9, 2024
NEW DELHI/OTTAWA. It is not only the large Indian crop that is depressing the price of chickpeas, but also the international competition, which can convince with more favourable offers, is playing its part. In Canada, trade has picked up a little.
Pulses
Dec 2, 2024
NEW DELHI/OTTAWA. Possible US tariffs on Canadian chickpeas are unsettling suppliers and dampening trade in Canada. In India, prices have fallen again, but this could soon come to an end.
Pulses
Nov 25, 2024
NEW DELHI/OTTAWA. With the US set to harvest a large chickpea crop, there is less demand for imports from Canada. Exporters there will therefore have to expand their customer base. Prices continue to decline in India.
Pulses
Nov 18, 2024
NEW DELHI/OTTAWA. As expected, prices on the Indian chickpea market are on a downward spiral, mainly due to high stocks. In Canada, the situation is slightly better for sellers.