Weather outlook for Australia planting is favourable with pulses winter crop planting starting now and continuing through to June end. Soil moisture for plating in growing areas of SA (above average), VIC (above average), NSW (adequate) & QLD (adequate), WA (dry). Forecasted El Nino in next 3 months may impact growing conditions on the east coast if low incrop rainfall eventuates as a result.
Desi Chickpeas demand was strong last week trading CFR Karachi over U$550 for chkm, somewhat subdued this week back by $10 and low demand seen. Liquidity on sell side remains tight due to ongoing macro trade issues. Middle East & Bangladesh markets are still slow with very little demand emanating.
Some Australian Kabuli demand last weeks from Pakistan in light of tight availability ex CIS origin. Australian Kabuli very lastly available CFR Karachi – USD 980 pmt, very limited availability in origin, however.
Lentils & Faba Beans demand is minimal in India. Sellers seen at around early U$700 CFR Kolkata but no parity from origin side yet due to less grower selling.