STAT Communications Ag Market News

Mixed Performance in Chickpeas

PANAMA - Nov 21/20 - SNS -- Chickpeas posted a mixed performance during the past week, with desi weakening as the harvest advances in Australia while kabuli held steady because of relatively tight stocks of large caliber product.

Australian exporters indicate demand from the Indian subcontinent is somewhat muted, with the country reported to be buying lower quality kabuli chickpeas, which puts some pressure on asking prices for Australian product.

Exporters in that country remain hopeful India will reduce the import duty on chickpeas in an effort to increase supplies on domestic markets to bridge the gap until next year's rabi season harvest.

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