Pulses

Chickpeas: surprising turn

January 10, 2023 at 11:28 AM , Der AUDITOR
Play report as audio

NEW DELHI. While chickpea sowing is underway in India, supplies remain tight. Prices have, however, taken a rather surprising turn.

Sowing to limit supplies

Improved export demand coupled with producers continuing to buy may be supporting the market in Canada, but the situation is more complex in India. Although demand is good, prices declined a bit in the first week of January. Analysts do not, however, expect this trend to last. Sowing has been underway since October and with a new round about to start in February farmers will require good quality chickpea seeds.

Supplies also remain low in India and prospects are not exactly encouraging as the area sown is expected to decline by 7-8%.

View related articles

Go to the News Overview
Pulses
Sep 25, 2023
NEW DELHI/OTTAWA. Price increases in the Indian domestic market have prompted NAFED to release parts of its stocks for sale. Meanwhile, the market in Canada is stable.
Pulses
Sep 12, 2023
BRUSSELS/NEW DELHI. As plant-based diets are highly popular and demand for protein crops is increasing global demand is on the rise for chickpeas. This certainly holds true for the EU, where imports have surged in 2023/2024.
Fruit and Vegetables
Sep 7, 2023
ANKARA. Turkish exports of pulses, oilseeds and cereals were more than 10% higher in the first seven months of the year compared to the same period last year. Nevertheless, there are still hurdles that market players are increasingly trying to overcome.
Fruit and Vegetables
Sep 6, 2023
BEIJING. Weak demand has caused prices for Chinese black kidney beans to decline significantly. The low buying interest is also still felt in the other bean markets.