Chickpeas: surprising turn

January 10, 2023 at 11:28 AM, Der AUDITOR
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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%.

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Mar 27, 2023
NEW DELHI/OTTAWA. As buyers are not yet satisfied with the quality and moisture content of the new Indian chickpea crop, sales here are currently sluggish. In Canada and the USA, a considerable increase in acreage is expected.
Mar 20, 2023
NEW DELHI/OTTAWA. With arrivals picking up in India the prices for chickpeas have declined sharply. Sowing is up in Canada.
Mar 13, 2023
NEW DELHI/OTTAWA. Although arrivals are picking up in India, limited supplies are preventing sharp price declines for chickpeas. Prospects for the new crop are highly encouraging.
Mar 6, 2023
NEW DELHI/OTTAWA. With arrivals picking up in India the market has come under pressure. Exports are up in Canada.