The Market Is Catching Up: AgPulse Chickpea Forecast Is Playing Out

Since the beginning of the 2025/26 planting season, AgPulse Analytica has been highlighting the growing risk of a chickpea supply shortfall in India—well before the market began to fully reflect the tightening balance.

AgPulse is currently projecting India’s chickpea demand at 12.5 MMT against production of 11.5 MMT, pointing to an estimated 1.0 MMT supply gap. The subsequent market developments have increasingly reinforced this outlook.

India’s decision to extend the duty-free yellow pea import window through March 2027 and the government’s open-market disposal of chana stocks from June 2026 are important responses in a market where domestic availability remains under pressure. Meanwhile, pea and chickpea prices have moved higher as the market responds to the tightening balance.

But the story goes beyond India.

In its April 2026 Pulses Monthly, AgPulse was among the early observers to highlight the potential significance of Chinese pea demand, a theme that has continued in subsequent editions. At the same time, restricted supply from the Black Sea region has added another layer of tightness to global pulse availability.

For AgPulse subscribers, the advantage is not simply knowing that prices are rising. It is having visibility of the supply-demand imbalance before the price fully reflects it. AgPulse subscribers are already acting on the intelligence — and as the market tightens further, restricted Black Sea supply is fuelling the rally and adding to the profit opportunity.

This is the value of AgPulse forecasting: not telling you what happened yesterday, but identifying where supply and demand are heading before the market fully catches up.The current chickpea and pea market is a powerful example of this approach in action.

Markets eventually recognize shortages. The edge comes from identifying them early.

See the market early. Act early. Profit from the insight.

AgPulse Analytica — Forecasting supply. Anticipating demand. Creating an edge.