Chickpeas: prices under pressure

February 27, 2023 at 11:26 AM, Der AUDITOR
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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

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