Kabuli chana market in Canada is stable due to arrival of new consignment

29-Aug-2024 07:27 PM

Toronto. An environment of stability in prices is being witnessed due to the arrival of new consignment of Kabuli chana in America and Canada.

Buyers in Canada are offering a price of 38/40 cents per pound for September-October delivery and 42 cents per pound for November-December movement.

Initial samples of harvesting and preparation of the new crop show that this time the quality of Kabuli chana in Canada will be somewhat weak and the size of the grain may remain small.

Due to this, the stock of good quality Kabuli chana with large grains is likely to remain limited there and its price may increase in the coming months.

This time, due to 42 percent increase in area in America and favorable weather, a great production of Kabuli chana is expected, due to which not only its import from Canada will decrease there but it can also give a tough challenge to Canada in the global market. It is known that the maximum export of Kabuli chana from Canada is done to America only.

According to trade experts, the future trend of the market will depend on some important factors.

These include the price situation in India, production and quality in the North American continent and supply from Russia.

It is believed that the demand for chickpeas will remain weak in Canadian processing plants during the initial phase of the marketing season as many plants would like to focus more on fulfilling the export obligations of green lentils and other varieties of lentils.

Increasing the export of small grain chickpeas may prove to be a big challenge for Canadian exporters.