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

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