Pulses

Chickpeas: supply squeeze to turn worse

November 21, 2022 at 12:44 PM , Der AUDITOR
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NEW DELHI. Chickpea supplies are tight and with sowing about to start in India the situation is getting worse.

Tight supplies

The acute shortage of chickpeas and the reliance of the market on costly imports is driving up prices. Traders, however, reckon that things will turn worse as there are still four months to go before the new crop arrives and prices are high in Canada and in Australia. As chickpea production has ranged on a low level of 1.4-1.5 million mt in the past two years there are no stocks in the pipeline and only small volumes remain in the local markets. Most traders have been selling at profit.

High prices

Yet, there is no imp

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