MUMBAI (Commoditiescontrol) - The average price of chickpea during 2015-16 is projected to rise for the second consecutive year as stocks continue to fall, said AAFC in monthly report.
Chickpea production is estimated to fall sharply to 105,000 tonnes, due to lower area estimates. Production of desi types is estimated to be unchanged, while kabuli chickpea production is expected to fall sharply compared to last year.
However, due to large carry-in stocks from the previous year, supply is forecast to fall only by 12 percent. Exports are forecast to increase from 2014-15, and as of August and September, the US and Pakistan are the top two markets.
Carry-out stocks are expected to decrease but remain burdensome. The average price is forecast to increase, for the second consecutive year, as Canadian stocks continue to fall.
The USDA has estimated US chickpea area seeded 0.22 million acres, unchanged from 2014-15. Assuming normal yields and abandonment, 2015-16 US chickpea production is forecast by AAFC at a record 0.13 million tonnes, similar to 2014-15.
(By Commoditiescontrol Bureau; +91-22-40015533)
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