Chickpeas: supplies retained

August 22, 2022 at 10:43 AM , Der AUDITOR
Play report as audio

NEW DELHI/OTTAWA. The National Agricultural Cooperative Marketing Federation of India (NAFED) is still holding large chickpea volumes with the government far from keen on releasing stocks. Yet, this situation is about to change. Farmers are getting ready to harvest in Canada.

Further price rises to prompt turnaorund

Prices continue to rise in India with the NAFED still holding nearly 3,2 million mt, of which 2.5 million mt are fresh chickpeas. Since domestic rates range below the minimum support price the government is expected to retain these supplies. This will, however, change if prices rise a further 10%, which should prompt the governemnt to release supplies to control inflation.

Tanzania is, in addition, offering highly competitive prices, which range around USD 200/mt lower than in India. This has prompted importers in Ind

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.