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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