Chickpeas Residuals May Climb

PANAMA - Oct 25/19 - SNS -- In its latest monthly review of Canadian chickpeas Agriculture Canada's market analysis branch in Winnipeg updated its forecast of seeded area and production for the 2019-20 marketing year.

It predicts production will total 263,000 MT from 159,000 hectares, compared to 311,000 MT from 179,000 hectares last year.

Agriculture Canada forecasts exports will reach 150,000 MT in 2019-20, compared to 147,000 last season and 116,000 MT the previous marketing year. Domestic use is forecast at 128,000 MT in the 2019-20 marketing year, versus 129,000 last season.

Season ending stocks are forecast to finish the 2019-20 marketing year at 125,000 MT, versus 100,000 last season and 13,000 the previous marketing year.