Chickpeas Archives

Chickpeas

The Pulses Market Presents Opportunities for Growth Since 2015, global pulses trade has surged by 29%, and this year, it is expected to reach 21 million tons. Major players in this growing market include Türkiye, Russia, and Argentina, which are gaining prominence as demand continues to rise. Although the global pulses market remains smaller compared to other key grains, increasing demand presents significant opportunities for both current market players and new exporters. Türkiye’s Growing Role in the Pulses Market Agricultural experts predict that Türkiye, a key exporter in the Middle East, will continue to see growth in the pulses market, potentially attracting new entrants. Pulses like chickpeas, peas, and lentils are gaining recognition for their role in promoting sustainable farming practices, thanks to their natural soil-improving and greenhouse gas-absorbing qualities. These factors position pulses as a key commodity for the future of agriculture. Pulses Trade Dominated by Chickpeas, Peas, and Lentils It is estimated that global pulses production stands at around 100 million tons, with chickpeas, peas, and lentils accounting for 40% of this total. Since 2015, pulses trade has increased by 29%, with an annual growth rate of approximately 3%. The International Grains Council forecasts that global pulses trade will reach 21 million tons by 2024, meaning that one-fifth of global production will be exported. Chickpeas, peas, and lentils make up 68% of the total trade volume. Türkiye, Russia, and Argentina Emerging as Key Players While major exporters like Canada and Australia dominate the global pulses market—Canada being the leading exporter of peas and lentils, and Australia playing a significant role in chickpeas and lentils—countries such as Türkiye are increasing their market share. According to a report by Vito Martielli, a senior analyst at Rabobank, new players are emerging in the global trade scene. Russia is expanding its share in pea exports, while Argentina is becoming a key exporter of various beans. Türkiye has positioned itself as a hub for processing and distributing pulses throughout the Middle East and North Africa, while Egypt remains the world’s largest importer of fava beans. Growing Demand for Pulses Driven by Their Role as Affordable Protein Rabobank identifies two major factors behind the rising demand for pulses: their status as an affordable protein source in developing markets and their use in plant-based meat and dairy alternatives in developed markets. However, Martielli notes that more steps need to be taken to enhance trade and investment in this niche industry. Pulses are not yet classified as a commodity, and there are still barriers to market entry. "Price fluctuations and a lack of transparency in the pricing process are key issues," Martielli explains The pulses market is on the rise, driven by both its sustainability benefits and its role as an affordable source of protein. Türkiye’s growing presence in this sector, along with new players like Russia and Argentina, is reshaping the global pulses trade. However, challenges such as price volatility and a lack of transparency in market data must be addressed to unlock the full potential of this growing market. With global demand for plant-based proteins increasing, the future of pulses looks promising, but the industry must continue to adapt to meet these evolving needs.

Pulses Market Expansion: Can New Players Capitalize on Growing Demand?

Posted on 10. September 2024

The Pulses Market Presents Opportunities… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Price Movements and Import Trends of Chickpeas

Posted on 4. September 2024

Current Market Scenario As the… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Chickpea Prices Soar Due to Festive Demand and Decreased Production

Posted on 27. August 2024

Chickpea Prices Soar Despite Government… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Gram Prices Rise Due to Complex Supply Dynamics Amidst Festive Demand

Posted on 15. August 2024

Rising Prices in Gram and… Please register or login to a BASIC membership to read more. Gain access to: Limited free articles, Current price charts, World production charts (maps, statistics…) […]

Chana Prices Rise in August While Other Pulses See a Decline

Posted on 12. August 2024

Overall Decline in Pulse Prices Except Chana After a period of high prices lasting over a year, the prices of major pulses like lentils, tuvar, and urad have dropped by […]

No Need to Panic Over Desi Gram Trade Despite Decrease in Production

Posted on 23. July 2024

Impact of Government Policies and Market Shortages After Indian government imposed stock limits recently, the price of Desi gram has increased by $0,024 per kg following initially falling by $0,072 […]

India Exempts Kabuli Chana from Stock Limit

Posted on 15. July 2024

An Overview The Indian government has recently exempted Kabuli chana (chickpea) from stock limit regulations, following requests from the trade sector. This decision is anticipated to ease the export process […]

Chickpea Prices Expected to Rise Again Amid Production Shortfall

Posted on 2. July 2024

Correction Follows Initial Surge Chickpea prices have experienced notable fluctuations recently due to various market dynamics. At the end of May, chickpea prices surged by $0,83-$0,89 per kg, reaching a […]

Government Imposes Stock Limits on Chickpea to Curb Prices

Posted on 24. June 2024

Immediate Imposition of Stock Limits The Indian government has imposed stock limits on key pulses, including pigeon pea and chickpea, with immediate effect, valid until September 30. This move targets […]

Desi Gram Prices Expected to Surge Again After Recent Correction

Posted on 17. June 2024

Recent Correction Followed by Anticipated Rise and Production Drop Desi gram prices have seen significant changes recently. Two weeks ago, prices surged due to low production and high import costs. […]

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