Kabuli chickpea prices in Canada are expected to either soften or remain stable heading into the new year:

04-Dec-2024 10:15 AM

Kabuli chickpea prices in Canada are expected to either soften or remain stable heading into the new year:

- Last week, small 7-8 mm Kabuli chickpeas ranged from 25.8 to 41.8 cents/lb, while larger 9-10 mm chickpeas were priced at 39.8 to 44.8 cents/lb.

- Due to heat this year, Canada has seen a reduced harvest of large Kabuli chickpeas, with a good supply of 7-8 mm but a shortage of 9 mm.

- Argentina recently completed its chickpea harvest, contributing to lower Canadian prices.

- 70% of the global Kabuli chickpea harvest occurs between August and November, starting in Turkey and ending in Argentina and Australia. The remaining 30% comes from India and Mexico.

- India’s increasing availability has kept international prices stable, with significant exports of Kabuli chickpeas from India.

- The performance of India's upcoming crop will be key to price trends.

- Prices are expected to remain stable in December, with potential for price increases from January.