Chickpea Moving on as Crops Are Less All Around the World

The chickpeas market is very high as of now in the international markets as there is a shortage of goods with the producer. Assumptions are that after the correction, a further increase of $0,60 to 0,70 per kg. About five months have passed since the chickpea crop arrived. In all the producing states of Madhya Pradesh, Andhra Pradesh, Karnataka, Maharashtra etc, the supply has reduced significantly.

On the other hand, the prices of chickpeas are running high in Canada and Australia. The new crop over there will come after three months and the old goods are running above $0,70 to 0,80 per kg in the domestic markets there. Due to weak buying there, a minor correction came the previous week. Major importing countries have started looking to buy from India now. The carry forward of old stock was very less when in February the new crop of Kabuli gram arrived, on the other hand, this season the current crop is approximately 1.4 million metric tonnes. The production previous year was 2 million metric tonnes, and the domestic consumption was 2.6 million metric tonnes.

The surprising part is India Imports and exports chickpeas. It buys from Sudan, Iran, Turkey, Mexico and Canada almost every year. This time high prices are going on in all exporting countries, due to which importing to India is expensive.

In Maharashtra, a lot of chickpea has run out of stock already. Goods have started going to the Indore-Bhopal line for export, and from Andhra Pradesh and Karnataka are also being bought by exporters.

The cost of chickpea gram from Sudan is also being quoted as expensive because the production has decreased in most of the African countries. The old stock is all settled almost all around the major exporting countries. Therefore traders state as per current circumstances, further bullishness is expected.’

The chickpeas 42-44 (12mm) prices were recorded at $1,43 per kg FOB.

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