STAT Communications Ag Market News

Kabuli Chickpeas Finding Legs

PANAMA - Feb 26/21 - SNS -- International chickpea markets finished the week's trading on a mixed note, with values for kabuli types posting solid advances in the United States.

On farm inventories in that country are dropping rapidly, with the result exports and domestic consumption rates across the 2020-21 marketing year will likely be forced down from levels seen the previous season.

Even so, the U.S. is expected to close the current season effectively sold out of chickpeas. Combined with rising bids to farmers, that opens the door for seeding area to advance from 254,000 acres last year to a potential 373,800 this year for a potential 256,000 metric ton (MT) harvest.

Only active subscribers can read all of this article.

If you are a subscriber, please log into the website.

If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.