Looking for hummus? Chickpea supply in question as global shortage looms
Furthermore, a severe drought in the American west coast last year left many farmers with less crop to flood the market with, said Opher Baron, professor of operations management with the Rotman School of Management.As a result, they say Canadians can expect to see prices for chickpea products increase.
“Now, this increase is likely going to be temporary. The market now is much more predictable than it was just a few months ago, and we can feel that western countries are starting to plan for next year already, and we are expecting next year to be a little bit more stable production-wise. We’re still looking at a rocky situation, but we are expecting things to calm down into 2023.”However, the impact of a chickpea reduction in other parts of the world could be more devastating, said Baron.
“In places around the world where hummus is a staple of diets, such a shortage may create big issues, especially with the general economic situation, which is not great, right? So in the Middle East, in Pakistan, in India, where this is really an important source of food, there may be bigger issues that people will be facing,” said Baron.
The deal signed Friday is “certainly good news,” especially for nations who rely on Ukraine’s crops like wheat, barley, sunflower, mustard and chickpeas, said Charlebois.
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