Low Demand Pushes Chickpea Prices Down in Gujarat

The chickpea market in Gujarat is feeling the pinch as prices drop by $0,06–$0,07 per kg after a post-Diwali surge. Nirav Sanghani reports that current chickpea prices in Rajkot range between $0,79 and $0,80 per kg for warehouse storage and $0,80 to $0,81 per kg for cold storage.

This price drop follows a period of aggressive selling by private stockists, who offloaded their stock when prices reached $0,89–$0,91 per kg. With stocks now at minimal levels and demand remaining weak, prices have softened. However, traders suggest that if demand for chickpeas picks up, the market could see a quick turnaround.

Chickpea Cultivation Expected to Increase, Despite Delays

Despite the current slump in prices, chickpea cultivation in Gujarat is set to increase, especially for white chickpea varieties. Farmers have been getting favorable returns for white chickpeas over the past three years, encouraging them to expand cultivation. On the other hand, cultivation of Katavada-quality chickpeas is likely to decline due to its lower profitability.

The current cold weather, while delaying planting by 20–25 days, has created ideal conditions for chickpea cultivation to begin soon. Farmers across Gujarat are eager to start planting, with activity expected to pick up as the temperature stabilizes.

The delay will likely push the new season’s start further into January. This extended timeline could influence both supply and price trends in early 2024, with much depending on the weather.

Lower Import Prices Add Pressure to Domestic Markets

Imports of chickpeas are arriving at competitive prices, with November-December shipments quoted at $0,71 per kg, dropping slightly month over month. These lower import rates are putting pressure on domestic markets, especially in Rajkot, where prices hover around $0,80 per kg.

Despite the availability of cheaper imports, traders don’t expect domestic prices to fall significantly in the near term. The current demand-supply equation suggests that prices might stabilize or even inch up if demand recovers in the coming months.

Chickpea Prices: Uncertain but Promising

The future of chickpea prices in Gujarat remains tied to multiple factors. The arrival of imported chickpeas and their pricing will play a pivotal role in shaping the market. Domestic demand will also be crucial; any uptick in consumption could reverse the current downward trend.

Planting will continue until December 15, and a clearer picture of the season’s acreage is expected afterward. With farmers leaning toward white chickpeas and weather conditions improving, the market outlook holds promise, though some uncertainties remain.

Conclusion: A Season of Change for Gujarat’s Chickpea Market

Chickpea prices in Gujarat have softened in recent weeks, but the market isn’t stagnant. With expanded white chickpea cultivation, competitive import prices, and improving weather conditions, there’s room for optimism.





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