Under normal circumstances, India's chickpea prices tend to move lower as arrivals peak. Contrary to that, though, NCDEX spot prices in New Delhi are up 18.61 percent and were at a peak on 18 April 2016 as well as 20.96 percent higher than the start of the season. Protein Demand for Pulses Boosts Prices India consumes more pulses/lentils than any other country, evidenced by the supply/demand gap of over 6.5 MMT as well as higher prices of pulses that increased 37 percent in February alone compared with wholesale prices that fell for the 17th month in a row in March. While the market arrivals of some pulses may have increased, those of chickpeas (aka bengal gram) have been slow. The government of India’s (GOI’s) 2nd Advance Estimates for P...

TAGS – Wheat, Biofuels, Energy, Softs, Australia, Asia, India