Chickpeas: supplies retained

August 22, 2022 10:43 AM, Der AUDITOR
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NEW DELHI/OTTAWA. The National Agricultural Cooperative Marketing Federation of India (NAFED) is still holding large chickpea volumes with the government far from keen on releasing stocks. Yet, this situation is about to change. Farmers are getting ready to harvest in Canada.

Further price rises to prompt turnaorund

Prices continue to rise in India with the NAFED still holding nearly 3,2 million mt, of which 2.5 million mt are fresh chickpeas. Since domestic rates range below the minimum support price the government is expected to retain these supplies. This will, however, change if prices rise a further 10%, which should prompt the governemnt to release supplies to control inflation.

Tanzania is, in addition, offering highly competitive prices, which range around USD 200/mt lower than in India. This has prompted importers in Ind

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