The global chickpeas market is experiencing a notable dip, with Desi chana prices falling below the key benchmark rate of USD 5.40 per quintal. Traders report that while the recent price decline has been driven by weak miller demand and rising stock levels, optimism remains for a seasonal uptick in buying as the Diwali festive period approaches. Last month saw a volatile market, with prices reaching as high as USD 68.40 per quintal before retreating to the current average of around USD 61.60 per quintal. In India’s key production hubs—Madhya Pradesh and Uttar Pradesh—stockiest indicate only limited buying, as overall availability remains comfortably adequate.
In Delhi’s Lawrence Road market, prices dipped by USD 5.40 over the month, narrowing margins but sustaining interest for quality grades, which command a notable premium. Market analysts generally agree that the short-term outlook is one of consolidation, with any significant price upside unlikely before Diwali, unless there is a demand surge. As fresh crop supplies are expected in the coming months, downward price pressures may persist, especially for average-quality produce. Top-quality Desi chana still finds buyers at USD 72.40–74.20 per quintal, highlighting the market’s bifurcation based on grade and demand intensity. Buyers are closely watching short-term dips as opportunities, while sellers prepare for a potentially busier period aligned with festive consumption cycles.
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Chickpeas dried
count 75-80, 8 mm
FOB 1.14 €/kg
(from MX)
Chickpeas dried
count 42-44, 12 mm
FOB 1.66 €/kg
(from MX)
Chickpeas dried
count 60-62, 8 mm
FOB 1.22 €/kg
(from IN)
📈 Prices
| Location | Product & Size | Recent Price (EUR/t) | Previous Price (EUR/t) | Change | Update Date |
|---|---|---|---|---|---|
| Mexico City (MX) | Chickpeas dried, 75-80 cnt, 8mm | 1.16 | 1.18 | -0.02 | 2025-08-29 |
| Mexico City (MX) | Chickpeas dried, 42-44 cnt, 12mm | 1.68 | 1.7 | -0.02 | 2025-08-29 |
| New Delhi (IN) | Chickpeas dried, 60-62 cnt, 8mm | 1.24 | 1.25 | -0.01 | 2025-08-29 |
| New Delhi (IN) | Chickpeas dried, 58-60 cnt, 9mm | 1.25 | 1.26 | -0.01 | 2025-08-29 |
| New Delhi (IN) | Chickpeas dried, 46-48 cnt, 10mm | 1.29 | 1.3 | -0.01 | 2025-08-29 |
| New Delhi (IN) | Chickpeas dried, 44-46 cnt, 11mm | 1.31 | 1.32 | -0.01 | 2025-08-29 |
| New Delhi (IN) | Chickpeas dried, 42-44 cnt, 12mm | 1.30 | 1.31 | -0.01 | 2025-08-29 |
🌍 Supply & Demand
- India remains the world’s largest chickpea producer, but ample supplies and sluggish miller demand are weighing on prices.
- Stockists in key Indian markets (Madhya Pradesh, Uttar Pradesh) face modest buying; high-quality product still commands healthy premiums.
- Mexican chickpea prices are also trending slightly lower, aligning with global market sentiment.
- Festive demand is anticipated to provide temporary support, especially as Diwali approaches.
📊 Fundamentals
- Last month: Price high at USD 68.40/quintal; recent market softened to ~USD 61.60/quintal.
- Demand: Weak from millers; consumer buying expected to rebound pre-Diwali.
- Stocks: Ample, with limited risk of short-term shortages in South Asia.
- Speculative sentiment: Mildly negative in light of large arrivals and subdued demand; attention on seasonality ahead.
🌤️ Weather Outlook
- India’s monsoon has been generally favourable, though some regions in central India report patchy distribution.
- Crops in Madhya Pradesh and Uttar Pradesh are progressing well, but analysts are watching late monsoon rains, as excess precipitation could delay harvesting and temporarily challenge logistics.
- Weather in Mexico’s northern states has been dry, supporting good harvest quality but raising slight concerns over soil moisture retention for the next crop cycle.
- No major weather threats currently forecasted, but risk remains for late-season impacts.
🌐 Global Production & Stocks
| Country | Production 2024/25 (kt) | Major Stockholders | Notes |
|---|---|---|---|
| India | ~11,500 | Government, private traders | Largest global producer, significant carryover |
| Mexico | ~2,400 | Exporters, domestic traders | Key for export markets (EU, Middle East) |
| Australia | ~980 | Exporters | Steady supply, strong demand |
| Turkey | ~630 | Domestic, exporters | Supply moderately stable |
📌 Market Drivers
- USDA & Indian Government Reports: Indicate above-normal production and sufficient carry-in stocks for 2024/25.
- Consumption Cycles: Festive periods (esp. Diwali) expected to spur a short-term demand rally.
- Speculative Activity: Subdued; traders are awaiting fresh triggers post-monsoon and crop arrivals.
- Exchange Rates: Weaker INR supports export competitiveness; Mexican peso steady.
📆 Trading Outlook & Recommendations
- 🟢 Buyers: Consider accumulating at current lows for shipment before Diwali, focusing on top-grade produce for best margins.
- 🟠 Sellers: Hold stocks where possible; expect seasonal uplift, but avoid panic-selling into weak spots.
- 🔵 Exporters: Monitor Indian demand cycles closely; rising domestic buying may briefly tighten exportable surplus before fresh arrivals.
- 🟡 Watch weather conditions before harvest—unexpected rains may briefly disrupt logistics and support prices.
⏳ 3-Day Regional Price Forecast
| Exchange/Market | Current Price (EUR/t) | 3-Day Forecast | Sentiment |
|---|---|---|---|
| Mexico FOB (75-80 cnt, 8mm) | 1.16 | 1.15–1.17 | Stable to slightly weaker |
| Mexico FOB (42-44 cnt, 12mm) | 1.68 | 1.67–1.69 | Stable |
| New Delhi FOB (60-62 cnt, 8mm) | 1.24 | 1.23–1.25 | Stable |
| New Delhi FOB (44-46 cnt, 11mm) | 1.31 | 1.30–1.32 | Stable |
