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.

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