Canada ups year to Jul chana price forecast by 4% as inventory falls.

Canada has further scaled up its 2016-17 (Aug-Jul) price estimate for chana for the third time this year, while retaining that for peas and masur. Chana or chickpeas prices for 2016-17 have been forecast higher at $990-$1,000 per tonne from $950-$960 per tonne estimated last month. The average price is forecast to increase sharply to record prices, due to lower Canadian and world stocks. However, in 2017-18, prices are likely to see a correction and are likely to be quoted in the range of $960-$990 per tonne.