Chickpea Price Spreads Widening

PANAMA - Feb 11/19 - SNS -- Spread between large and smaller caliber kabuli chickpeas are starting to widen as major exporters from Mexico raise price indications and sellers from India are mostly withdrawn.

Markets for medium caliber chickpeas were not helped by the final USDA production estimates for 2018. Output of all classes of chickpeas was pegged at almost 579,000 metric tons (MT), up sharply from last year's 315,600 MT harvest and up from the USDA's initial estimate production would approach 541,000 MT.

Production of medium and large caliber chickpeas jumped from 230,790 to 429,640 MT, while out of small caliber product advanced from 89,310 MT in 2017 to 148,320 last year. The USDA defines large caliber as chickpeas larger than 20/64 inches and small as below that size.