The chickpea market picks up on rising prices in India

Published 2020년 9월 28일

Tridge summary

The international conference on legumes post-COVID-19 saw a significant discussion on the chickpea market. Both the production of chickpeas being 25-30% lower than expected and growing demand have led to a surge in chickpea prices. Turkeys are currently focusing on purchasing locally produced chickpeas and may cease global chickpea purchases. There is speculation that Ukrainian lentils might replace chickpeas in the Turkish market, provided they meet the quality standards of Canadian lentils. Brazil, meanwhile, imports 130-150 thousand tons of black beans annually, mainly from Argentina, but there is potential for Ukrainian products to enter the market if a phytosanitary agreement is reached.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This was announced by the representative of Global Garbanzo Navnit Singh Chhabra at the international conference on legumes "The era after COVID-19". “We are now seeing an upward trend in the price of chickpeas. This year, producers have collected 25-30% less chickpeas from the planned volumes, and the demand is growing. This year will be the year of chickpea, ”said Sem Bogusoglu, a representative of GP Global. At the same time, assessing the Turkish market, Onur Vatan, a representative of Sintez Group and K, noted that Turkish companies are trying to buy products that are produced in Turkey. “In the near future, Turkey will not buy chickpeas on world markets, and there will be no activity on peas either. Possibly, importers will be interested in Ukrainian lentils, but on condition that they are of the same quality as Canadian lentils, ”notes Onur Vatan. Brazil also imports legumes, for example from Argentina. According to the ...

Source: AgroPortal.ua