New Crops Chickpeas Market Price in 2024

1. Price Changes Compared to Last Month

  • For Kabuli chickpeas exported by Canadian suppliers, current export prices range from approximately $1,200 to $1,800 per metric ton (depending on caliber and quality). This represents stability with minor fluctuations compared to last month, driven by global demand pressures and limited stocks from competing regions like Mexico and Turkey. Canadian suppliers, especially those in Saskatchewan, emphasize quality to maintain competitive pricing in international markets.

2. Predictions for Chickpea Prices

  • Global supply constraints, including reduced output from Turkey and Mexico, suggest a likely stabilization or slight rise in Kabuli prices by year-end. Tight stocks globally and robust demand, especially in South Asia, could drive bullish trends.

3. Situation of Canadian Suppliers

  • Canadian producers face strong competition from Turkey and Russia, but favorable production quality bolsters their market position. Suppliers are adjusting to shifting global dynamics, ensuring quality exports amid logistical challenges. Expanded acreage and efficient processing give Canadian chickpeas an edge.
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