The humble chickpea has just boomed in value

Key points

• Australian chickpeas are in strong demand, with delivered prices surging this month towards $1,000 per tonne in some regions. Prices were closer to $600 per tonne earlier in the year.
• Grains Australia Pulse Council chair Peter Wilson says the price is a great result for growers. He points to global supply chain volatility, lower monsoon rainfall in parts of India, and buyers in several nations seeking supply before Ramadan.
• Prices are expected to ease as harvest supply increases.