Chickpea Price Volatility Update

10-Jan-2025 08:48 AM

Chickpea Price Volatility Update
Delhi Market: Closed at ₹6650 per quintal on January 9 after a drop of ₹50.
Mumbai Market: Tanzanian chickpeas rebounded by ₹100 to ₹6100 per quintal, while Australian chickpeas rose from ₹6050/₹6150 to ₹6275.
Price Fluctuations: Similar trends observed in other markets.
Australian Chickpeas: January price recorded at $650/ton, February at $680-$685/ton.
Import Activity:
High volume imports arriving at Kandla and Kakinada ports.
MV MELODY vessel delivered 30,044 tons at Kandla.
Another vessel with 18,726 tons of Australian chickpeas reached Kakinada.
Import Data: Approximately 375,000 tons of chickpeas imported between November and January.
Market Factors:
NAFED selling chickpeas at lower prices.
Large stock of imported peas still available at ports, causing prolonged market absorption.
Outlook:
New chickpea arrivals expected in some regions within a month.
Current market sentiment remains weak; advised to avoid aggressive trading.