venedor0 commentsDecember 20, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (20/12/2024)

Australian red sorghum has experienced sluggish trade demand in China, with some business reported in containers at U$265/MT (F/M) to CFR Tianjin in containers. Weak demand for forward contracts has led to a lack of activity in Australian GMB; offers for GMB P-grade to CFR Qingdao (A/M) have been quoted at U$1010/MT.

There has been business reported in containers of Australian KASPA peas to CFR Qingdao (F/M) at U$450/MT against offers at U$465/MT levels to CFR China. Australian feed barley demand remains slow, offers quoted at U$255/MT to CFR China (J/F) via containers.

Russian and Canadian YP CFR remain unchanged from the past week, with offers quoted at U365/MT for Russian YP via containers, U$400/MT for Canadian YP via containers, and U$380/MT for Canadian YP in bulk.

SEA millers did not engage in trade activity for the forward contract procurement of Australian wheat in containers this week, with offers quoted at U$280/MT levels (A) in containers to SEA major ports.

In Egypt, there is sluggish demand for Faba beans, with approximately 90K tonnes arriving by vessel. Buyers prefer to wait, hearing that Faba beans (Fiesta type) in bulk was traded at U$545-55/MT levels & this week offers quoted at U$515/MT (Warda type) & U$555/MT (Fiesta type) to CFR Damietta (J/F) via containers. There is minimal movement in Lupins sales, with offers quoted at U$535/MT to CFR Damietta (J) via containers.

Australian desi chickpeas & red lentils are experiencing slow trade movement in Bangladesh, with offers quoted for CHK1 at U$695-700/MT (J) & NIP1/HAL1 at U$720/MT (J) to CFR Chittagong via containers, while local prices are becoming softer for both.

In Pakistan, arrival of Australian desi chickpeas vessel at Karachi port has led to a slowdown in demand & there has been minimal buyer interest in Australian red lentils. Hearing containers offers for CHK1 at U$700/MT (J) & NIP1/HAL1 at U$710-15 (J) to CFR Karachi.  

In India, there are bearish buying sentiments for Australian desi chickpeas this week, with few offers are quoted for CHK1 at U$690/MT (J) to CNF India via containers. Minimal trade activity in Australian red lentils – offers at above U$705/MT against buying interest at U$695/MT to Kolkata.              

In Nepal, there is no buying for Australian desi chickpeas this week, with offers quoted high U$740/MT to CFR Birgunj (J/F) via containers.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Regards

Read More
venedor0 commentsDecember 13, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (13/12/2024)

According to GIWA of Western Australia has raised its forecast for the harvested WA crop to 19.88MMT up from 18.61MMT in its November report.

Millers in Southeast Asia are procuring Australian wheat in small parcels for April/May demands in containers, with business reported at U$280/MT for APW1 (A/M) & hearing offers are quoted at U$ 275/MT for ASW (F/M) to CFR SEA major ports in containers. Australian wheat exports in containerized business in Oct,24 down by 10.5% & bulk exports in Oct,24 up by 26.6% compared to Sep,24 as per ABS.

Chinese buyers in this week have booked Australian red sorghum new crop at U$270/MT to CFR Tianjin (F/M) in containers. Buyers are willing to wait for a while before moving to cover up upcoming months demand. Exports of sorghum in Oct,24 declined by 41% compared to Sep,24 as per ABS.

Australian feed barley offers are quoted at U$260/MT to CFR Tianjin (F/M), compared to buyer bidding at U$247/MT in containers & bulk offers at U$258/MT levels for Q1. Exports of feed barley in Oct,24 down by 61.6% & Malt barley exports also declined by 63.36% compared to Sep,24 as per ABS.

No offers were for Australian GMB this week, as buyers are placing bids at U$1000/930/MT – P/M grade seller options to CFR Qingdao (M/M) in containers. At origination, growers are expecting a good GMB crop size this time.

There was no significant trading activity Kaspa peas this week, with the container offer to CFR Tianjin (J/F) quoted at U$465/MT, while the buyer’s bid at U$430/MT. This year due to low crop numbers Kaspa pea price is high at origination.

Faba bean at the origin have shown consistent stability over the past four weeks. This week, there is a demand for faba beans (fiesta type) from Egyptians, with offers quoted at U$560/MT to CFR Damietta (J/F) in containers.

India’s demand for Australian desi chickpeas remains flat due to a lack of buyer engagement at CFR levels, with CHK1 offers at U$715-20/MT (D) & U$685-90/MT (J) to CNF India via containers. However, sellers & buyers are more engaged in desi chickpeas INR transactions within the domestic market. There was a minimal trade movement in Australian red lentils, as business reported at U$705/MT levels to CFR Kolkata (J/F) via containers. 

Pakistani buyers actively engaging this week to cover up the demand for Australian Desi chickpeas for Ramadan. This week, container business reported at U$690/MT (D/J) & U$720/MT for full Dec. Minimal trade movement in Australian red lentils, business reported at U$715/MT to CFR Karachi (D/J) in containers.

Bangladeshi market demand is steady for Australian desi chickpeas &, with CHK1 offers at quoted at U$710/MT for full Jan & Nothing much trade movement in Australian red lentils, with offers quoted at U$740/MT to CFR Chittagong full Jan in containers. 

Exports of canola in Oct,24 down by 52.5% compared to Sep,24; main importers are France, Belgium, & Pakistan as per ABS.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Kind Regards

Read More
venedor0 commentsDecember 6, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (06/12/2024)

The latest ABARES crop report forecasts the following production: Wheat – 31.9MMT; barley – 11.7MMT; Canola – 5.6MMT; Sorghum – 2.1MMT; Desi – 1.9MMT; Lentils – 1.1MMT; Lupins – 763KT; Faba – 693KT; Field Peas – 222KT.

The Australian wheat crop is facing harvesting delays & continuous rainfall, impacting the local market with firm prices this week. In Southeast Asia, millers have secured Feb/March supplies of Australian wheat APW at U$272/MT & APH2 at U$302/MT, & are now seeking to cover the demand for April/May.

Australia’s red sorghum new crop faces weak demand in China, with this week offers quoting at U$275-77/MT to CFR Tianjin, while buyers bid at U$270/MT.

This week, there has been no trade movement in new Australian GMB, with offers quoted at U$ 1020/MT to CFR Qingdao in containers (M/M), and buyers are bidding at U$1000/MT. Local sources indicate that GMB stock availability is very tight in China.

Kaspa peas are experiencing low demand as offer at U$460/MT to CFR Tianjin due to high origination market prices & heavy rainfall in Victoria, with buyers placing low bid values at U$435/MT. As we are hearing Russian YP offers quoted at U$365/MT (D/J) in containers & Canadian YP offers quoted at U$390/MT (J/F) in containers & U$375/MT in bulk (F/M).  

In local market, faba beans have shown robust price stability over the last three weeks. However, this week, there has been a lack of demand for lupins and faba beans in the Egyptian market. In container offers Faba Warda type at U$510/MT levels & Lupins at U$555/MT to CFR Damietta (D/J). 

Exports of Desi chickpeas in Oct,24 is increased by 328% compared to Sep,24 – as India is major importer compared to rest of ISC countries. Export of lentils in Oct,24 is declined by 67% compared to Sep,24 – as main importers are India, SL & Bangladesh as per ABS.

In India, there has been weak demand & limited trade activity for Australian desi chickpeas this week, with buyers showing low interest. Offers for CHK1(24/25) have been quoted at U$725-30/MT to CNF India (D/J). Additionally, there is low buyer interest in Australian red lentils.

In Pakistan, there are limited inquiries for Australian desi chickpeas for December cargoes, with buyers bidding at U$700/MT against offers of U$725-30/MT to CFR Karachi in containers.

In Bangladesh, this week minimal trade movement in Australian desi chickpeas offered at U$740/MT to CFR Chittagong (D/J) in containers.

In Nepal, Hearing Australian GM Canola offers at U$670/MT to CFR Birgunj (D/J) in containers with no buying interest. Australian desi chickpeas offer at U$745/MT to CFR Birgunj (D/J) in containers.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Regards

Read More
venedor0 commentsNovember 29, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (29/11/2024)

Australian wheat prices are remained strong over past two weeks in local market. This week SEA millers are observing market prices for Feb/March procurement, as offers quoted at APW at high U$280/MT (J/F) to CFR SEA major port in containers.

This week, rain & thunderstorms have affected extensive areas of Western Australia, influenced by a deepening low-pressure trough & a low-pressure system along the west coast. In Queensland & northeastern NSW, severe thunderstorms have been triggered by low-pressure troughs over the course of several days.

In the last two weeks, Faba beans have shown remarkable strong price resistance at the backend market. Demand of Faba beans in Egypt has been steady to low this week, as offers are quoted at U$515/MT levels for Warda type & U$585/MT levels for Fiesta type to CFR Damietta (D/J) in containers.

The demand for Australian red sorghum in China is holding steady, with offers quoted at U$280/MT for CFR Tianjin (M/A) in containers, compared to buyer bids of U$272/MT. This week, limited trade reported Australian Mung beans P-grade new crop at U$980/MT to CFR Qingdao (A/M).  

Australian Kaspa peas demand remains steady to sluggish, with sellers offering them at U$445/MT to CFR Tianjin (J/F) in containers, while buyers are bidding at U$430/MT levels. Currently, the demand for Australian barley is holding steady. Offers are reported at U$275/MT for CFR Tianjin (D/J) in containers, compared to buyer bids of U$250/MT.

Australian desi chickpeas price is currently robust in the local market, influenced by reported trade activities at destination markets this week. In India, Australian desi chickpeas this week bulk in vessel trades reported at U$695/MT (J) levels to CNF India. In containers hearing that for ready shipments of CHK1(24/25) buyers bidding at U$750/MT.

Bangladesh activity participating for Australian desi chickpeas bidding at U$690/MT for Dec cargoes, while offers quoted at high U$720/MT to CFR Chittagong in containers.

In Pakistan, demand of Australian desi chickpeas & red lentils has been sluggish over past 3 weeks & no trade movements. Sources indicate that 1st Vessel of desi has arrived at Karachi port & local market is slow at the moment.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Regards

Read More
venedor0 commentsNovember 22, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (22/11/2024)

In China, the demand for the new crop of Australian red sorghum remains stable, with offers quoted at U$280/MT for CFR China (F/B) in containers. The Australian Mung beans P – grade new crop demand is minimal, with offers quoted at U$990/MT for CFR Qingdao (A/M) in containers with no buying interest this week. The demand for Australian Kaspa peas is limited, with offers quoted at U$440/MT for CFR Tianjin (J/F) in containers. Meanwhile, the demand for Australian barley is stable, with offers quoted at high U$250/MT for CFR China (D/A) in containers & heard bulk trade reported at U$250/MT.

Australian wheat price in local market remained firmed last week. SEA millers are gearing up to cover Australian wheat demand in Feb & March, with offers are quoted for APW1 at U$278/MT; APH2 at U$313/MT to CFR SEA major ports in containers.

There has been a significant rain event this past week in WA and Victoria which has slowed down harvest in these states. There is some more rain expected across all eastern states of Australia which is expected to delay harvest in NSW and Victoria which will likely impact export execution of pulses. This has already started showing in increased market pricing this week for pulses crops.

Indian market experienced price rise of U$20/MT this week due to limited offers from the Australian origin, ongoing execution issues, & weather conditions. There is active participation from buyers for desi chickpeas coverage in this week & domestic Indian market of desi stands at INR72, with offers quoted for Australian desi-chickpeas CHK1(24/25) at U$720/MT (N/D); U$685-690/MT (D/J) CNF to India in containers, and bulk trades reported at U$680/MT (D). There is minimal trade movement in Australian red lentils, with offers quoted at U$710-15/MT (D/J) CFR to Kolkata (D/J) in containers.

Pakistan’s market demand for Australian desi chickpeas & red lentils has gone silent since last two weeks, with offers quoted at CHK1(24/25) at U$715-20/MT (N/D) & NIP1/HAL1 at U$720/MT (D) to CFR Karachi in containers. Local sources indicated that desi chickpeas at U$785/MT.

Bangladesh, buyer are actively participating in Australian desi chickpeas buying this week, as offers are quoted at U$710/MT (N/D); U$690/MT (D) to CFR Chittagong (D) in containers. Local sources indicate the lentils market is bearish at present.

Market demand in Nepal is slow this week, last trades reported at CHK1(24/25) at U$725-30/MT levels to CFR Birgunj (D); NIP1/HAL1 quoted at U$745-50/MT; GM Canola quoted at U$685-90/MT (D) to CFR Birgunj in containers.

In Egypt, the demand for faba beans remains steady to slow with three bulk vessels of faba beans are currently loading from Australian origin. This week’s offers are quoted as follows: Faba (Warda type) at U$520/MT (D/J), Faba Fiesta type at U$590/MT (D/J), & Albus lupins at U$560/MT CFR Damietta (J/F) in containers.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Best Regards

Read More
venedor0 commentsNovember 15, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (15/11/2024)

Australian wheat new crop prices are firmed up in local market since last week. In SEA region, there was very limited trade activity reported for pocket size February demand of APW1 traded at U$272/MT in containers this week, since SEA millers had already secured their demands up to January – showing limited interest in buying for future contracts.

Chinese buyers showing strong interest in the new crop of Australian red sorghum, with bids at U$275/MT for CFR China (M/A) in containers, while the old crop is attracting minimal interest. This week, demand for Kaspa peas is limited, with business reported at U$430/MT for CFR Qingdao (J/F) in containers. Australian barley new crop trading at U$250/MT to CFR China in containers (D/J) this week. Source indicating that spot market of green mung beans prices is firming up since last two weeks, & buyers bidding for GMB manufacturing grade (old crop) at U$825/MT to Australian sellers.

Faba beans in local market prices are shoot up in the past 10 days due to vessel accumulators paying high values to growers. In Egypt, hearing container offers are quoted for Faba beans (Warda type) at high U$530/MT to CFR Damietta.

Australian desi chickpeas demand is stable to slow this week in India, influenced by the sluggish desi domestic market which is stands at INR70. Offers are being quoted at U$705/MT (N/D); at U$680/MT (D/J) to CNF India in containers, & in bulk at U$685/MT (D); at U$665-70/MT (J), as buyers are placing low bids. Additionally, there is minimal trading activity in Australian red lentils, with indicative offers to CFR Kolkata in containers at U$720-25/MT (J/F) with no buyer’s bids.

In Pakistan, desi chickpeas demand slow & minimal trade movement, with prompt cargoes trading at U$725/MT levels to CFR Karachi (N); offers quoted at U$680-85/MT (D/J) in containers. Nothing much happening in Australian red lentils, with offers are high U$720/MT to CFR Karachi.

Bangladesh is experiencing demand for Australia desi chickpeas, with trade offers of U$700/MT to CFR Chittagong in containers for full Dec shipment.

Nepal buyers steady buying Australian desi chickpeas to CFR Biratnagar at U$725/MT (D) in containers

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Best Regards

Read More
venedor0 commentsNovember 8, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (08/11/2024)

Global wheat market experienced minimal price fluctuations before the US election, with Australian wheat market prices & AUD dollar firming last week. Demand for ASW & APW till January was covered by SEA millers, who are currently keeping an eye on the market. This week business reported for APW1 at U$274/MT & ASW at U$270/MT in containers.

In China, there is a low demand for old crop of Australian red sorghum, with the last business reported at U$285/MT, & quotes for the new crop at U$280/MT (M/A) for CFR Tianjin in containers. The demand for Kaspa peas remains sluggish, with offers quoted at U$435/MT (J/F) to CFR Tianjin. Sources indicate that the GMB spot market is strengthening, with prices reaching U$1015/MT. Australian barley new crop offers at U$255/MT levels to CFR Tianjin (N/D) in containers.

Faba beans prices are skyrocketing in the local market as bulk vessel accumulators aggressively pursue it. In Egypt, buyers are actively looking for Faba beans (Warda & Fiesta type), indicative offers art U$605/MT to CFR Damietta for Faba (Fiesta type) in containers.

India’s demand for Australian desi chickpeas continues to be stable, with this week container trades are reported CHK1 at U$710/MT to CNF India(N/D) & for bulk trades reported U$705/MT levels (O/N) & for Dec offers quoted at U$680/MT levels to CFR Mundra. Sluggish demand for Australian red lentils, with offers NIP1/HAL1 at U$700/MT to CFR Kolkata in containers.

Australian Desi chickpeas are currently in low demand in Pakistan; container offers are quoted at CHK1 for U$725/MT CFR Karachi (N/D) with limited buying interest. Australian red lentils are likewise in low demand; quotes for containers for NIP1/HAL1 at U$730/MT to CFR Karachi (N/D).

Bangladeshi buyers are expressing interest for Dec sailing cargoes of Australian desi chickpeas, heard business reported at U$685/MT for bulk & for containers at U$705/MT levels to CFR Chittagong (D). Sources indicate that local market desi at U$885/MT levels.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Kind Regards

Read More
venedor0 commentsOctober 25, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (25/10/2024)

Australian red sorghum demand is down, as no offers are quoted for current crop & hearing that buyers are showing some interest in sorghum new crop, as heard limited business reported at below U$280/MT levels to CFR Tianjin (M/A) in containers. Limited demand for Kaspa peas new crop, with price offers at U$455/MT to CFR Tianjin. Australian barley new crop offers at high U$260/MT, as buyers target prices at U$250/MT levels & Russian barley price offers at U$200/MT levels to CFR Tianjin containers.

SEA millers are currently observing market levels without showing interest in buying, as APW is quoted at the low U$285/MT – (J) & ASW at low U$280/MT – (J) CFR SEA major ports in containers.

As the Diwali festival approaches in India, this week’s business reports indicate that Australian desi chickpeas are trading at U$700/MT (N/D) for CFR NS/Mundra in containers, with bulk offers quoted at U$680/MT (N/D) for CFR NS/Mundra. Meanwhile, this week’s domestic prices for desi chickpeas in India have remained stable to slightly lower, standing at INR 72.75. This week Australian red lentils have seen limited trades at U$695-700/MT for CFR Kolkata (N/D) in containers.

Pakistan’s demand for Australian desi chickpeas is stable to low, with trades reported at U$710/MT (N) & U$700/MT (N/D) to CFR Karachi & no offers hearing on bulk for desi this week; local market of desi price is strong at U$865/MT levels. Nothing much happening in the Australian lentils as demand is low at the moment, with price offers at U$740/MT to CFR Karachi in containers & local market at U$675/MT.

Bangladesh’s demand for Australian desi chickpeas is stable, with price offers at U$710/MT levels (N/D) with no buying interest. This week local market is desi chickpeas at U$900/MT.

In Egypt, firm demand for Faba beans warda type at U$485/MT (N/D) to CFR Damietta in containers.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Regards

Read More
venedor0 commentsOctober 18, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (18/10/2024)

AS per GIWA, WA is expected to produce 17.75MT of winter crop from the ongoing harvest as Wheat 9.91MT, Barley 4.32MT, Canola 2.35MT, Oats 590KT, Lupins 505KT & other Pulses 73KT.

The weather forecast indicates rainfall of 15-25mm for NNSW, 15-50mm for central and SNSW, 10-50mm for Victoria, 5-25mm for South Australia, 5-15mm for northern WA, & 10-25mm for southeastern WA. Crops may benefit from this rain and replenish grain pod fill and volume but this may be last event required prior harvest. Weather still not warming up to allow crops to mature quickly for harvest. Any more rain from end October onwards will be detrimental to crop quality.

In NSW cereal crops hit by frosts earlier will have recovered but Victoria received another 2 frost events in Oct which have further dented crops in some areas. Harvest in Victoria should start in early November when we know the full extent of crop losses. Forward sales have been limited in Vic hence trade are waiting to see crop yields on harvest to decide pricing moves. South Australia has continued to be worse than other states for this season, yields will be know by mid- November.

Locally Australian wheat prices are strengthening, yet there is weak demand from the destination markets. In the SEA region, new crop of APW is reportedly quoted below U$287/MT & ASW at low U$280/MT to CFR major SEA ports in containers.

Post-national holiday, the demand for Australian red sorghum in China has waned, with container price offers standing at U$295/MT CFR Tianjin (O/N) with no firm buying interest. We have limited availability now ex Australia with growers and trade now busy with winter crop harvest. Meanwhile, USA sorghum is reportedly trading at U$270/MT this week. Additionally, Canadian & Russian YP are quoted at U$430/MT and U$410/MT to CFR China. Buyers are opting to wait for the new harvest of Kaspa peas, as their bids are not aligning with the quoted price of U$460/MT CFR Tianjin (D/J) in containers. Canadian barley offers are firming up at U$260-65/MT to CFR China with lack of buying interest, & there have been no indicative offers from Australian or Russian barley.

Anticipated large chickpeas harvest is Australia is imposing significant price pressure in Indian sub-continent markets with spot buyer bids declining day by day with origin prices and bids declining by A$50 pmt in last 2 weeks.

In India, there has been a weak demand for Australian desi chickpeas over past three weeks, with very limited trading activity reported. Vessel trades for CHK1(24/25) are at U$770/MT to CFR Mundra (N/D). Container offers are quoted at U$820/MT (O/N), U$790-95/MT (N/D), & U$770/MT (D/J) to CFR Mundra/NS, with no buyer interest. The domestic market for desi remains weak, with price stands at INR 75. Australian red lentils are also experiencing sluggish demand, with offers at U$745-50/MT to CFR Kolkata (N/D) in containers, again with no buyers. Currently, there is no price parity in Faba beans, with limited offers at U$435-40/MT (N/D/J) to CFR Kolkata in containers.

In Pakistan, there is a strong demand for Australian desi chickpeas with buyers seeking for early shipments only, with price offers at U$830/MT (O/FH Nov); at U$780-85/MT (N/D) to CFR Karachi in containers. Australian red lentils demand is sluggish, with offers quoted at U$765-70/MT (N/D) to CFR Karachi in containers.

In Bangladeshi buyers are showing interest for Australian desi chickpeas, with price offers at U$840-45/MT (N); U$785-90/MT (N/D) to CFR Chittagong in containers.

In Nepal, hearing some business reported of Australian desi chickpeas – CHK1(24/25) at U$820/MT levels to (N/D) to CFR Birgunj & Canola at U$695/MT to CFR Biratngar in containers.

In Egypt, buyers are gearing up for the new crop coverage of faba beans, hearing that faba beans are trading at U$470/MT (N/D)Warda type // U$505/MT (N/D)Fiesta type to CFR Damietta, in containers. A line up of expected bulk vessel programs ex Australia are keeping pre-harvest pricing higher and uncompetitive for container business. Longer transit of 80-90 days on containers also limiting trade on container business.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Best Regards

Read More
venedor0 commentsOctober 11, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (11/10/2024)

The ongoing conflict between Iran and Israel and subsequent oil price spike has also spiked global oilseed market prices on account of bio-fuel inclusions. Locally in Australia, this has led to a significant increase in canola prices.

Dry weather condition in both Australia & the Black Sea region where it is impacting planting of crops has driven up global wheat values and in turn new crop Australian wheat prices on the east coast & WA. Domestic market bids are up by A$8-10/MT in the last 1 week, with no significant grower selling yet. In SEA region, heard that ASW9 trading at U$280/MT levels+/-U$3/MT – (J/F) & AH1 trading at high U$320/MT – (N/D) to CFR SEA major ports in containers. Next 2 weeks rain is predicted in Southern NSW & Victoria which may provide a relief and boost to crop volume.

Exports of Australian red sorghum down by 27% in Aug,24 compared to Jul24, major buyers are China, Japan & Taiwan as per ABS. Demand for Australian red sorghum in China is sluggish, with offers high at U$295/MT to CFR Tianjin (O/N) in containers & no firm interest. Chinese buyers are seeking the new crop of Kaspa peas, targeting U$440/MT, while offers quoted U$460/MT to CFR Tianjin. Local sources indicate that the peas market remains stable to flat, but there’s no significant buying demand from the downstream market.

Exports of Australian feed barley up by 8% & malt barley fell by 1% in Aug,24 compared to Jul,24; feed barley main importer is Japan, Peru, China & malt barley main buyers is China, Mexico, Vietnam as per ABS. Hearing no indicative trade offers from Australia barley this week & Russian barley offered at U$225/MT to CFR China major ports.

In Pakistan, demand for Australian desi chickpeas is strong for prompt shipments but low for Dec/Jan. Reports indicate vessel business at U$850/MT to CFR Karachi (O), while there have been no containerized trades this week. Hearing trade offers for Australian desi chickpeas range from U$810-840/MT for Nov in containers. Pakistani buyers continue to buy Tanzanian desi chickpeas at U$850/MT for prompt shipments. Demand for Australian red lentils are currently sluggish, with price quoted U$760-770/MT to CFR Karachi (N/D) in containers.

In India, the demand for Australian desi chickpeas has been declining for the past two weeks due to subdued buying interest. Indian domestic traders are anticipating that the price of desi chickpeas may firm up due to strong demand during festive season in upcoming days. Hearing trade offers at CHK1(24/25) – CFR NS/Mundra – U$830/MT levels (O/N) to CFR NS/Mundra in containers. No movement in Australian red lentils at the moment as demand is sluggish, with hearing offers NIP1/HAL1 at U$750-60/MT to CFR Kolkata (N/D) in containers. This week, some business reported on Faba beans at U$430/MT to CFR Kolkata (N/D) in containers.

Bangladeshi buyers are actively participating for desi chickpeas to cover next year’s Ramadhan demand, as hearing business reported at U$850/MT levels to CFR Chittagong (O/N) & hearing trade offers at U$840/MT levels (N) & U$820/MT levels (D) to CFR Chittagong in containers.

DM us for price indication & firm offers for Australian Grains, Pulses & Oilseeds

Regards

Read More