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Chickpeas: significant price increases

August 19, 2024 at 11:55 AM , Der AUDITOR
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NEW DELHI/OTTAWA. After the declines of the last few weeks, prices on the Indian chickpea market have now climbed significantly. Traders are seizing the opportunity, which will not last for long.

Caution still advised

Last week, traders actively disposed of their kabuli chana stocks – low arrivals and government policies were the main reasons for them to do so. The problem was that many of them had stocked up in anticipation of rising prices, but export demand only covered about a quarter of what exporters had hoped for; this was mainly due to falling prices on the world market. After the Indian government lifted its storage restrictions on kabuli chana chickpeas and arrivals at local markets slowed down, the market dynamics shifted and prices climbed

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