Trade Talk

October 3, 2023

"The shortage of large calibers had an immediate effect on prices"/
Zooming in on Turkey’s kabuli chickpea crop


Dario Bard

Reporter

At a glance


  • The carry-in inventories have weevil damage and were sold in the market at a discount. Last year’s crop is practically gone from the market at the moment.”
  • “Because of the embargo on Russian origin chickpeas, Russia’s crop will move through Turkey to [the MENA region]. Iraq is overstocked at the moment and we don’t expect it will import the same volume it did last year. Overall, we expect a decrease in the volume of the kabuli chickpea transit business.”
  • “In general, the private sector is anticipating a devaluation of an additional 12-15 % [lira devaluation] over the next four months, which would take us to the end of the year.”

With the harvest of Turkey’s 2023 kabuli chickpea crop now complete, it is clear that the production volume has fallen well short of the expectations voiced in the corridors at Pulses 23 three months ago. Adding to the disappointment, this year’s crop is marked by a below average  calibre distribution, with fewer than expected 9 mm chickpeas.

In May, when the GPC held its annual convention, Global Garbanzo’s Navneet Chhabra projected Turkish production at 245,000 MT. He noted, however, that industry members were forecasting a crop of 275 – 325,000 MT. At the time, there was good reason to be optimistic. The area seeded to chickpeas had expanded by an estimated 20% and the weather conditions had been favourable till then.

“It will all depend on yields,” Chhabra summed up at Pulses23.

When harvest got underway, early reports indicated higher yields than last year. But then heavy rains in July reduced productivity and washed away the industry’s hope for a bumper crop.

To get a better sense of Turkey’s 2023 crop and what it means for the global kabuli chickpea trade, the GPC teamed up with Global Garbanzo and reached out to GPC board member and Armada Foods CEO Fethi Sonmez.   

Snapshot: Turkey’s Estimated Kabuli Chickpea Production, 2020/21 – 2023/24 (in MT)

READ THE FULL ARTICLE

Source: GPC and Armada Foods

WhatsApp Icon

Want to become a member? Contact us!