Chickpeas: demand picks up

May 22, 2023 at 11:36 AM , Der AUDITOR
Play report as audio

NEW DELHI/OTTAWA. Traders in both the Indian and Canadian markets report increased buying interest. One problem, however, is the scarce availability. Meanwhile, sowing has started in Canada.

Export prices rise

Chickpea prices on the Indian market have risen again by USD 20/mt week-on-week, but traders see further potential for price increases, so the upper end has not yet been reached. One problem remains the tight availability, especially in Madhya Pradesh, but also in Haryana and Punjab, which has already led to supply problems during the season. Farmers are busy selling their stocks, but feel that the prices they are getting are too low. Export prices for Indian chickpeas, 42-44 (12 mm) are currently at USD 1,550/mt FOB India.

View related articles

Go to the News Overview
Fruit and Vegetables
Oct 30, 2024
BEIJING. While black kidney beans are in high demand, the markets for red kidney beans and mung beans are in a different state. Farmers are also complaining about yield and quality losses due to persistent rainfall.
Pulses
Oct 28, 2024
NEW DELHI/OTTAWA. The decline in demand is not yet reflected in Indian export prices, but this could soon change. Canadian suppliers are also hoping for greater buying interest.
Pulses
Oct 21, 2024
NEW DELHI/OTTAWA. In order to prevent major price reductions in the chickpea market, Indian suppliers have restricted their sales. In Canada, the size of the chickpeas plays a decisive role.
Pulses
Oct 14, 2024
NEW DELHI/OTTAWA. Weak demand and lower consumption are putting pressure on stockists who have purchased large quantities of chickpeas after last year's record prices. While commodity prices are falling, export prices are holding steady for the time being.