According to the latest ABARES crop production forecast, Wheat 31.8MT; Barley 12.2MT; Canola 5.5MT; Lentils 1.7MT; Chickpeas 1.3MT.
Crops in SA & parts of Victoria are expected to receive some rainfall next week. The crop in NSW is progressing well, with expected rainfall in the upcoming week. In QLD, hopefully we will see harvest begin in late September.
Weaker export demand for Australian wheat in SEA regions, heard that APW1 quoted below U$280/MT (O) to CFR SEA Major ports in containers.
In China, there has been some trade demand for Australian red sorghum this week, with trades at U$280/MT (S/O) – CFR Tianjin in containers. The local market is reportedly firming up; due to the lack of clarity in the import policy, importers are cautious about taking action. There are no indicative offers on Australian barley or other origins at this time. Kaspa peas demand has diminished as RU/Canadian YP available at affordable prices.
In India, this week – Tanzanian chickpeas are actively traded by sellers at U$835/MT for CNF India.ย Business reported for Australian CHK1(24/25) at U$855/MT (O/N) to CFR Kolkata in containers & bulk at U$845/MT (O/N) to CNF India. This week, there has been some trade activity in current & new crop of Australian red lentils due to low stock availability at ports, with trade reported NIP1/HAL1(23/24) at U$700/MT to CFR Kolkata (S/O) & new crop NIP1/HAL1(24/25) at U$665/MT (D/J) to CFR Kolkata in containers.
In Pakistan, demand for Australian desi chickpeas is currently low, with offers for CHK1(24/25) quoted at U$805/MT – (N/D) to CFR Karachi in containers, there is no buying interest as buyers prefer to wait till harvest. No major trade movement in Australian red lentils.
Bangladesh is experiencing slow trade movement in Australian desi chickpeas and red lentils, with sellers quoting new crop of CHK1(24/25) at U$860/MT (O/N) & NIP1/HAL1(23/24) priced high U$690/MT (S/O) to CFR Chittagong in containers.
Exporters are receiving inquiries for new crop Australian desi chickpeas and red lentils from Nepal.
Disclaimer: Prices mentioned are for indication purpose only
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