Chickpeas Prices Dip Pre-Diwali As Subsidised Sales

The chickpeas market has slowed down as Diwali approaches. The chickpeas prices in Delhi dropped by $0,03 per kg over the past two days. This follows the central government’s initiative to sell chickpeas at subsidised rates under the Bharat brand. In the international market, chickpeas prices have seen a sharp decline, falling $0,25 per kg over the past month. Currently, chickpeas prices in Delhi have decreased from $0,97 per kg to $0,85 per kg.

Australian Chickpeas Supply Eases Prices as Demand Softens

Due to high crop pressure, the price of chickpeas delivered to Queensland ports has dropped to $7,50 per kg. Lower-than-expected demand from India is one key reason for this decline. Despite duty-free imports to India continuing until March 2025, demand has cooled, and Pakistan has emerged as the primary destination for the first two shipments of new crop chickpeas from Australia this month.

Pakistan’s Bulk Demand Shapes Export Market

Pakistan is reportedly absorbing Australian chickpea supply, with seven bulk ships scheduled between September and January, according to trade sources. Chickpea prices in Australia have dropped around one dollar per kg. It's around $0,71 – $0,75 per kg at up-country depots. Australia’s chickpea crop is expected to reach 1.5–1.7 million tonnes, with nearly a third anticipated for export.

Mixed Global Demand for Chickpeas Exports

Trade sources note that prices have eased due to increased sales by Australian producers. Although India was expected to absorb a large portion of the new crop. But, Pakistan’s bulk buying has helped support the market. With current prices at $0,72 per tonne in Pakistan, five lakh tonnes of chickpeas are expected to be exported from Australia by February if demand from other countries remains strong.

Conclusion

The chickpeas market faces complex pressures with price volatility influenced by subsidised sales in India, unexpected bulk buying by Pakistan, and increased export capacity from Australia. Moving forward, chickpeas prices will depend heavily on sustained demand from key importing countries as well as domestic market stability post-Diwali.





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