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Little Change in Chickpea Prices in Short-Term: Analyst

Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries.
chickpeas

Canadian farmers are in the early stages of planting the country’s next chickpea crop, with market conditions firm for the time being, ahead of new-crop harvests in other countries.

Jake Hansen of Mid-West Grain at Moose Jaw expects the rangebound trend will continue until there's a better sense of production in Russia and Turkey.

Both countries are major chickpea growers, with harvests that come off before Canada’s.

Turkey typically produces a good-quality chickpea crop, while Russia’s quality can be more hit-or-miss.

India is also a major world player in the world chickpea market, and anecdotal reports point to its recently harvested crop having good yields, but not the best quality.

From a market perspective on the sell side, buyers are waiting to know how many acres went in the ground in Turkey, and what the potential quality is.