Small Kabuli Market Challenged
PANAMA - Dec 15/17 - SNS -- Kabuli chickpea markets finished the week's trading on an uncertain note, with markets for small caliber product destabilized by an increase in the number of Argentine farmers bypassing traditional exporters.
Markets for large caliber product were unchanged on the week, with Mexico virtually sold out of product and Indian exporters holding firm on prices for 10mmm and larger caliber kabuli chickpeas.
Mexican exporters remain unwilling to offer new crop product after suffering losses on early sales last year. At this time last year, exporters starting selling around U.S. $1400 MT for 12mm chickpeas, but were forced to cover those short positions at a loss by the time the country's harvest got underway.
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