Article -> Article Details
| Title | Chickpeas Prices Rise Due to Demand and Supply Challenges |
|---|---|
| Category | Business --> Agriculture |
| Meta Keywords | Chickpeas Prices |
| Owner | stephenthomas |
| Description | |
| North American Chickpeas Prices Movement Last Quarter: Chickpeas Prices in the United States: In 2024, the chickpeas prices in the United States reached $0.43 per pound (USD/lb), reflecting a steady trend throughout the year. This price was influenced by various factors, including strong domestic and international demand, particularly from the food industry, where chickpeas are a key ingredient in popular products like hummus and snacks. Additionally, supply-side challenges, such as weather-related disruptions and limited harvests, contributed to the price increase. Despite these factors, the market remained relatively stable, driven by the growing popularity of plant-based diets and the essential role chickpeas play in food production. APAC Chickpeas Prices Movement Last Quarter: Chickpeas Prices in India: In India, the price of chickpeas reached $0.78 per pound (USD/lb) during the last quarter, marking a significant increase compared to previous periods. This rise in price was driven by several factors that shaped the supply and demand dynamics in the country. Strong domestic demand, particularly from the food and snack industries, played a key role in the price surge, as chickpeas are a staple ingredient in a variety of popular products, including snacks, curries, and other traditional dishes. Additionally, there was a noticeable uptick in demand driven by the increasing popularity of plant-based foods in India, as more consumers embraced plant-based diets for health, environmental, and ethical reasons. On the supply side, adverse weather conditions, including unseasonal rains and droughts, affected the overall harvest, leading to a reduced availability of chickpeas in the market. This weather-related disruption, combined with logistical challenges and ongoing supply chain issues, exacerbated the situation, creating tighter supplies and driving prices higher. The reduced availability of chickpeas further intensified the pressure on the market, forcing prices upward despite efforts to stabilize them. Despite these challenges, the Indian chickpea market demonstrated resilience, maintaining a level of stability throughout the quarter. Producers, distributors, and consumers adjusted to the new pricing environment, and the market balanced itself through strategic procurement and distribution practices. The combination of strong demand, supply-side constraints, and the growing interest in plant-based diets contributed to a more robust pricing environment for chickpeas in India, indicating that the price trend could remain elevated in the coming periods, depending on the continuation of these factors.
The latest IMARC Group study, “Chickpeas Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Chickpeas price trend, offering key insights into global Chickpeas market dynamics. This report includes comprehensive price charts, which trace historical data and highlight major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Chickpeas demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. The price report uncovers critical factors influencing current and future prices by exploring the intricate relationship between supply and demand. Unlock Real-Time Chickpeas Prices Trend Today: https://www.imarcgroup.com/chickpeas-pricing-report About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, and benchmarking analyses, pricing and cost research, and procurement research. Contact us: | |