CANADA CHICKPEAS MOTHLY OUTLOOK:

Chickpeas For 2017-18, Exports are expected to rise sharply from 2016-17, due to increased import demand from Pakistan, Turkey and the US. As a result, carry-out stocks are expected to remain tight. The average price is expected to be higher than last year, due to the world shortfall of quality chickpeas. US chickpea production is estimated by USDA at a record 313 Kt, a 27% increase from 2016-17. For 2018-19, the area seeded is expected to rise from 2017-18 because of lower carry-in stocks and the potential for good returns. As a result, production is expected to rise to 145 Kt. Supply is forecast to rise sharply from 2017-18 despite the lower carry-in stocks. Exports are forecast to be lower but carry-out stocks are expected to rise. The average price is forecast to be lower, due to expectations of larger world supply.