Chickpeas: imports are not profitable

September 26, 2022 at 10:28 AM , Der AUDITOR
Play report as audio

NEW DELHI/OTTAWA. Due to the government's decision to sell their goods at lower prices for social projects, Indian traders' confidence has suffered greatly. Meanwhile, prices have risen slightly again.

High freight costs prevent imports

Indian chickpeas continued their slight upward trend and were able to achieve price increases of about 10 USD/mt again this week. However, after the government decided to sell parts of its stocks cheaply for social welfare programmes, traders' confidence has been severely dented. Importers are hardly doing any business at the moment, as freight costs from important sourcing countries like Australia, Mexico and Russia are so high that they cannot compete with the domestic prices.

The government defends its decision by saying

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.