Pulses

Chickpeas: temporary price reductions

April 25, 2022 at 12:55 PM , Der AUDITOR
Play report as audio

NEW DELHI. Export prices for Indian chickpeas have declined, but market players are sure that this will be short-lived. Commodity prices are also expected to rise soon.

Rumours caused confusion

After the upward trend of the last few weeks, the Indian chickpea market has now seen price reductions, but these are likely to be short-lived. During the ploughing phase in the fields, confusing rumours had been doing the rounds in the market, talking about a high yield and a large sowing area. Small traders in particular had released their stocks for sale as a result. However, market players report that the reality is quite different and the area under cultivation will be relatively small. This will inevitably result in a smaller crop

View related articles

Go to the News Overview
Pulses
Jul 15, 2024
NEW DELHI. Favourable international prices are putting pressure on the Indian chickpea market and traders are not optimistic about possible price increases. The humidity during the monsoon season could lead to additional problems.
Fruit and Vegetables
Jul 10, 2024
BEIJING. With prices being attractive for sellers, acreages of both black and red kidney beans in China are expected to increase this year. Mung bean sales have improved, while adzuki bean traders are pinning their hopes on the Lunar Festival.
Pulses
Jul 8, 2024
NEW DELHI/OTTAWA. There is still no concrete information on the area under chickpeas in Canada in 2024, although it is estimated to be larger than last year. In India, traders are calling for storage limits to be lifted.
Pulses
Jul 1, 2024
NEW DELHI. Stockpiling has backfired for many exporters in India. While chickpeas were in short supply last year, the market is confronted with a supply glut this year. Worse may be in store for stakeholders when the rainy season sets in.