India expects more white chickpeas this year. Farmers are planting more due to high prices in key areas. States such as Madhya Pradesh see increased acreage due to high prices. Gujarat and Maharashtra are also experiencing this trend. Andhra Pradesh is another state where acreage is on the rise. Increased sowing due to an upward trend led to an optimistic crop outlook.
Weather’s Weighing In – The Decisive Factor for Crop Size.
Central India, a significant area for growing chickpeas, faces challenges due to a lack of rain. The future crop size depends on the weather in the coming weeks. In addition, December was warmer than usual, and January was colder. These temperature changes played a role in the outcome. The upcoming weeks will reveal the yield. Furthermore, the Indian Meteorological Department forecasts a hotter February.
Price Resilience and Trade Opportunities In Chickpeas.
The high demand for Kabuli chickpeas last year raised their prices significantly. Exports, particularly in preparation for the upcoming Ramadan, have been noteworthy. Market Veterans note the steady prices, defying usual trends. The market will stay strong because Ramadan will start early on March 10. It affected the market and gave a unique chance for old crop stocks to meet customer demands.
Opportunities For Exports.
The official data on how much Kabuli chana is produced is not available. However, the industry estimates that the production is around 0.35 million tonnes. India had a busy market, with 68,654 tons of goods sent out and brought in between April and November 2023. India sells chickpeas to Turkey, UAE, and Sri Lanka. Import figures for Kabuli chickpeas during April-October 2023 reached 72,060 tonnes.
Strategic Considerations Of The Chickpea Market.
Chickpea prices usually drop before mid-February when the new crops are harvested. However, the start of Ramadan this year has changed things. Old chickpeas now meet what people want. The new crop is getting ready for harvest in Maharashtra and Central India. Export demand in February and March is expected to be high. The market changes after April when the Mexican crop arrives.
Conclusion
India’s flourishing chickpea crop presents lucrative export opportunities. Due to high prices, there is an increase in chickpea cultivation in India. This will lead to a significant rise in the production of Kabuli chana. Old crop stocks are poised to meet consumer demands.
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