Firm Undertone in Chickpeas



PANAMA - Jul 3/20 - SNS -- Chickpea markets maintained their firm tone through the past week, helped by reports seeded area in Argentina is down substantially this year.

Shortages of large caliber product is expected to remain an issue until the first half of 2021 because of lower available supplies in Mexico and India.

This has added some support to medium caliber markets, which are also looking a reduction in total area in Canada and the United States. The USDA and Statistics Canada pegging combined area at 602,000 acres, down from 843,000 last year and the record 1.3 million sown in 2018.