Tridge summary
The article highlights a forthcoming global shortage of kabuli chickpeas, attributed to a decrease in planting in the U.S. and poor crop yields in India and Mexico. The U.S. Department of Agriculture anticipates a 4% drop in chickpea seeding, joining India in falling short of the required increase. This shortage, impacting large caliber sizes, is causing a surge in global prices, with responsibility for the shortage being shared among major exporting countries, including the U.S., Russia, Canada, and Turkey. Additionally, the article covers adjustments in U.S. pulse and bean planting expectations, including a 21% decrease in lentils and a 10% rise in peas, with yellow peas being the preferred choice. The article also touches on potential impacts of weather and new facilities on planting and production in the U.S. and Canada, providing a comprehensive overview of the current situation and future projections in the pulse industry.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The United States is not going to help address what some believe is a looming global kabuli chickpea shortage. U.S. farmers plan to seed 340,500 acres of the crop, a four percent drop from the previous year, according to the U.S. Department of Agriculture’s March Prospective Plantings report. A much bigger increase is needed from all exporting nations, according to a Global Pulse Confederation news release. World supplies are under pressure from poor crops in India and Mexico. That is expected to result in a shortage of the crop over the next six months. A hot and dry spell in December “wiped out” prospects for a bumper crop in India, because of a 30 percent increase in planted area. As a result, the global supply chain is short about 100,000 tonnes of product. That is putting upward pressure on world prices, according to the news release. All eyes are on Russia, Canada, the U.S. and Turkey. “Even if all these origins increase the planted area by 30 percent, I still foresee a ...
Source: UkrAgroConsult
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.