News Capsule: Rise in Chickpea Prices Following Pea Import Duty and Lower Exports from Australia
04-Nov-2025 12:08 PM
News Capsule: Rise in Chickpea Prices Following Pea Import Duty and Lower Exports from Australia
★ After a 30% import duty was imposed on peas on October 29, chickpea prices have strengthened.
★ Before the duty was imposed, Delhi chana (Rajasthan line) was trading at ₹5,925 per quintal, which has now increased to ₹5,950 per quintal.
★ In Australia, chickpea harvesting is in full swing, but rains in some regions have slowed the pace. Due to lower prices, many Australian farmers are holding back sales.
★ Meanwhile, domestic demand for chickpea seed has also emerged, contributing further to the price rise.
★ According to IGrain India’s conversations with Australian farmers, the rain damage is not as severe as reported. Even if around 50,000 tonnes are affected, it is negligible compared to the 2.5 million tonnes of total production.
★ Chickpea prices are expected to remain firm and may continue rising until the arrival of the new crop.
Important Disclaimer:
This report is for informational purposes only I-Grain India does not take any responsibility for profits or losses and does not promote any specific market movement (bullish or bearish). *Please make decisions based on your own judgment and understanding.