Australian Desi Chickpea Prices / Pulse Atlas insights into three-month trends - Pulse Pod

Prices of Australian desi chickpeas have risen gradually since May, with the strongest uptick in price seen for product shipping into Nepal – they've seen a rise of 8.8% between May-August. This may be the result of the recent addition of a 10% advance income tax on pulse imports. The measure was taken to protect the country's domestic market, but, combined with the existing import duty of 10%, is likely to have bumped up costs for importers.

In India, low chickpea stocks ahead of festival season have increased local prices and shifted less immediate demand over to Australian importers – a likely explanation for the 7.1% price jump shown in the above graph.

Trade sources suggest that the combination of low supply and strong festival season demand will maintain high prices in India’s market, but that new Australian crop flowing into the country and the end of the festival season could take some of the heat out of both domestic and Australian import rates.
During the same period, prices from Australia rose 6.3% into Bangladesh, 6.2% into Pakistan, and 5.9% into the UAE – the upward trend corresponds with Indian prices but also reflects higher domestic prices in advance of Ramadan. Trade sources suggest the UAE is seeing a drop in import demand due to price/supply limitations. Aussie import price rises into all three countries above should slow and stabilize when the Indian and Aussie new crops emerge.

Australian Desi Chickpea Prices/
Pulse Atlas insights into three-month trends