Chickpeas: price declines in prospect

October 28, 2024 at 12:31 PM , Der AUDITOR
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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.

Traders want to sell stocks

The chickpea market is currently under strong pressure as both domestic consumption and export demand have fallen significantly. This is not yet reflected in export prices this week, but this could change very quickly. Traders who had stocked up on around 10,000 mt of chickpeas during the price increase in August are now facing stagnating demand and increased selling pressure. Added to this is the high production volume this year, which is likely to put additional downward pressure on prices. As a result, commodity prices have already fal

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