Australian wheat exports in containers up by 25.57% in Jul,24 compared to Jun,24, with major importers are Malaysia, Vietnam & Thailand & bulk up by 19.30% in Jul,24 compared to Jun,24, main buyers are Indonesia, Yemen & Philippines as per ABS. In SEA region, millers showing minimal interest on Australian wheat, having almost covered their demand, hearing offers for APW at U$280/MT; ASW at U$275/MT for (Nov/15Oct) to CFR SEA major ports, with limited buying interest.

In China, this week minimal trade activity for Australian red sorghum (SOR1), with business reported at U$285/MT to CFR Tianjin (S/O) in containers, & bulk offers quoted at U$290/MT (O) to CFR China main ports. No trade demand for Kaspa peas against cheaper YP from Russia & Canada offers at U$360/MT & U$380/MT to CFR China main ports. Hearing Australian barley offers at U$265/MT; RU Barley at U$225-230/MT & UKR Barley at U$240/MT to CFR China main ports (S/O) in containers. China imported shipments of Australian canola in June & July, as per ABS.

Pakistan’s desi chickpea market is experiencing strong demand due to a delay in vessel arrival, in local market desi chickpeas price surged to high U$1000/MT this week. As heard Tanzanian desi chickpea cargoes were traded at U$875/MT; Russian desi chickpeas were trading at U$880/MT; and Australian CHKM was trading at U$875/MT to CFR Karachi for Sep/15Oct shipments. Currently, there is less buyer interest for the new crop of Australian CHK1(24/25), which is quoted at U$810/MT to CFR Karachi (N/D). Minimal trade demand for Australian red lentils, with hearing trade offers at U$720/MT (S/O) to CFR Karahi in containers.

Indian pulse market is relatively slow, except for lentils, which are in high demand, particularly Australian red lentils, due to low stock availability at the ports. This week, NIP1/HAL1(23/24) traded at U$715/MT to CFR Kolkata (S/O) & new crop offers for NIP1/HAL1(24/25) at U$690/MT (N/J) to CFR Kolkata. Desi chickpeas domestic demand is dipped, with prices stands at INR 80, & buyers are waiting for price correction. Australian CHK1(24/25) in bulk offers quoted at U$850/MT (O/N) to CFR Mundra & container offers at U$840/MT (O/N) to CFR Nhava seva.

Bangladesh’s buyer interest in the Australian desi chickpea crop is low, with hearing trade offers in containers for CHK1(24/25) at U$850/MT (O/N) to CFR Chittagong, with no buying interest.

In Nepal, there is some interest in the new crop of Australian red lentils and desi chickpeas, with bid levels at U$700/MT and U$800/MT CFR Birgunj, considered too low given the high origination prices in Australia at the moment.

Canola exports dipped by 13% in Jul,24 compared to Jun,24 with key buyers is Japan & Nepal as per ABS. Hearing trade offers for Australian canola at U$650/MT; Canadian canola at U$640/MT; UKR rapeseed at U$635/MT to CFR Birgunj (S/O) in containers.

In Egypt, Australian sellers are offering new crop faba beans at U$465/MT (O/N) to CFR Damietta in containers, but there are no bids from buyers.

Disclaimer : Prices mentioned are for indication purpose only

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