USA: The wealth of chickpeas will affect export market

Published 2024년 8월 28일

Tridge summary

The United States is set to see a significant increase in kabuli chickpea production in the 2024-25 crop year, with farmers planting 529,900 acres, a 42% increase from the previous year. If yields remain at the five-year average, production could double to 472,700 tonnes. This could potentially reduce chickpea imports from Canada and Mexico, but the U.S. would need to expand its exports from 80,800 tonnes in 2023-24 to 192,500 tonnes. However, there is concern about a possible "massive buildup" in kabuli chickpea carryout supplies, which could lead to a major decline in plantings in the U.S. and Canada in 2025. Canada, also experiencing increased chickpea plantings, is expected to produce 305,000 tonnes, despite potential yield challenges in southwestern Saskatchewan. Mexico continues to ask for high prices for large caliber kabuli chickpeas due to limited exportable supplies from India.

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

Original content

The United States could be sitting on a massive stockpile of kabuli chickpeas by the end of the 2024-25 crop year, says an analyst. Farmers in that country planted 529,900 acres of chickpeas, a 42 percent increase over the previous year, according to the USDA’s Farm Service Agency. The breakdown by class is 389,870 acres of large kabulis, 130,022 acres of small kabulis and 11,839 acres of desi chickpeas. If yields are at their five-year average, production could more than double to 472,700 tonnes from 214,189 tonnes last year, according to Stat Publishing. “Improved domestic supplies would be expected to reduce the quantity of chickpeas imported from Canada and Mexico, while creating the need for the U.S. to vastly expand exports from an estimated 80,800 tonnes in 2023-24 to a forecast 192,500,” said Stat. Canada exported 150,000 tonnes of kabuli chickpeas in 2023, according to the Global Pulse Confederation’s Pulse Atlas data. The U.S. was the largest customer, importing 51,000 ...

Source: UkrAgroConsult