The Desi Chickpeas market continues to show stability in prices across most destinations, with minor deviations compared to the previous weeks and the four-week averages. The latest data provides insights into shipments originating from Australia and Russia to key destinations such as Bangladesh, India, Pakistan, Nepal, and the UAE.
- Australia to Bangladesh: Prices remain stable at $695/ton for January-February shipments, reflecting no change from last week and just a slight 1% dip compared to the 4-week average ($701/ton).
- Australia to India: Prices for February-March shipments are steady at $675/ton, with no weekly change and 1% below the 4-week average of $685/ton. January-February shipments are also steady at $685/ton.
- Australia to Nepal: Prices remain unchanged at $720/ton, a consistent trend with both the previous week and the 4-week average.
- Australia to Pakistan: Prices hold at $700/ton, showing stability across all reported periods.
- Australia to UAE: Prices remain unchanged at $690/ton, maintaining parity with previous weeks and the 4-week average.
- Russia to Pakistan: Prices fell by $20/ton to $740/ton, a notable 3% weekly decline and 4% lower than the 4-week average of $769/ton.
Market Trends:
The Desi Chickpeas price trend shows consistent movement around $680–$720/ton for most routes. However, the shipment from Russia to Pakistan is seeing the most significant downward movement this week, potentially reflecting localized supply dynamics or shifting demand patterns.
Graph Analysis:
The long-term price trends (May 2024–January 2025) illustrate a gradual decline in prices across all origins and destinations. While prices peaked around August-September 2024, they have since stabilized near the $690–$740/ton range in early 2025.
