Hummus prices are expected to surge as the conflict between the world’s biggest exporters of chickpeas drags on
World prices for hummus are expected to increase by up to 20%, the Global Pulse Confederation (GPC) has warned. The GPC cites the drastic decline in supplies from Russia and Ukraine of chickpeas, the essential ingredient for the dip, as the key reason for the surge.
“Globally, chickpea prices may rise by 15 to 20% – the same value as the fall of the supply,” Navneet Singh Chhabra, an analyst at the trade association and director of global chickpea trader Shree Sheela International said, as quoted by The New York Times.
According to the estimates revealed by the trade association, supplies of chickpeas to the world market may be reduced by as much as 20% as war tensions between Russia and Ukraine, along with sanctions levied against Moscow, emerged as the biggest disrupters of the flow of the legume.