Grains, Pulses & Oilseeds Market Update (03/01/2025)
In Southeast Asia, currently weak demand for Australian wheat & no major trade movements in the market.
In China, demand for Australian red sorghum is stable to low. This week, bulk business was reported at U$275/MT to CFR China, & container offers are at U$270/MT (F/M). There is no trade movement in Australian GMB & Kaspa peas at the moment. Demand for Australian feed barley remains slow as buyers are more preferring Russia & Kazakhstan barley, with offers quoted at U$255/MT to CFR China via containers.
In Pakistan, demand for Australian desi chickpeas is slow, with trade reported this week at U$680-85/MT to CFR Karachi (J) via containers. There is minimal trade demand for Australian red lentils, with bulk offers quoted at U$680MT. It is also reported that Canadian crimson lentils in bulk traded at U$660/MT to CFR Karachi.
In India, Australian desi chickpeas trade is slow & limited, with container business reported this week at U$705/MT (D) & U$695/MT (J) to CFR Nhava Sheva. No trade movement in Australian red lentils.
In Bangladesh, there is a slow demand for Australian desi chickpeas & red lentils, with bulk offers quoted at U$690/MT for CHK1 & U$680/MT NIP1/HAL1 to CFR Chittagong via containers.
In Nepal, demand slowdown in Australian desi chickpeas, red lentils & canola, with offers quoted for U$715/MT; U$730/MT & $615/MT to CFR Birgunj (J)
In Egypt, nothing much happening in faba beans & lupins this week, offers quoted U$505/MT for Faba (Warda type) & Lupins at U$520/MT (J/F) to CFR Damietta via containers.
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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.
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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.
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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.
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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.
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