Pulses

Chickpeas: speculators drive the market

December 11, 2023 at 4:26 PM , Der AUDITOR
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NEW DELHI/OTTAWA. In India, the market development in Maharashtra is currently mainly determined by large stockists and speculators. At the same time, there is speculation in Canada about the acreage for 2024.

No imports

As Indian market players report, conditions on the market are anything but optimal two and a half months before the arrival of the new crop. The remaining stocks are very limited and there are no imports that could change this. Although prices have declined in nominal terms compared to last week, this is likely to change again quickly; market experts reckon that there will be further increases before the new crop arrives. In Maharashtra, the market is largely controlled by stockists and speculators, who release their goods for sale according to their nee

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