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Chickpeas Hold Value
VANCOUVER - Jan 27/06 - SNS -- Chickpea markets remain mostly as supplies available to markets remain short of the ongoing needs of buyers.
In its review of market prospects for the coming year, Agriculture Canada said, "World production is forecast to remain stable at to 8.6 million MT, with an increase for the kabuli type and a decrease for the desi type. Supply is expected to increase marginally to 9.0 million MT because of higher carry-in stocks.
"Canadian seeded area is forecast to increase (to 242,000 acres) due to good prices and relatively high expected net returns. Production (is) forecast to increase only slightly (from 104,000 to 110,000 MT) as a result of lower yields. Exports are forecast to increase slightly (from 70,000 to 75,000 MT) and carry-out stocks are expected to increase (from 10,000 to 15,000 MT) but remain relatively low."
Agriculture Canada forecast the average grower bid over all types, grades and sizes of chickpeas would drop from between CDN $445 to $475 MT for farmers dressed merchandise delivered western Canadian processing plants this season to between $415 and 445 MT in 2006-07.
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