Market Update – Page 3 – VENEDOR INTERNATIONAL

venedor0 commentsSeptember 14, 2023Weekly Market Update

Grains, Pulses & Oilseeds Market Update (14/09/2023)

Gobal wheat production projected for 2023/24 season were reduced by 6MMT to 787MMT. Global outlook for 2023/24 season has been predicted to be 3MMT lower than previous to 2022/23 season as per USDA.

Global wheat production has been expected to decrease due to significant reduction in Australia & Canadian crop output – 3MMT & 2MMT as well as reductions of 1MMT in Argentina & EU production as per USDA.

Exports of containerized wheat declined by 9%; China, Taiwan & Thailand are top buyers & Exports of Bulk wheat increased by 6%; Indonesia, China & Philippines are volume buyers in July as per ABS.

While ABARES’ September crop projection for Australia showed a decline in wheat production, it increased barley production by 6.7% to 10.5MT but still a 26% decrease from the previous season and growing optimism about Chinese demand is keeping upward pressure on prices.

India, demand of Australian red lentils is getting firmer as festival seasons are nearby. We heard the Nipper/Hallmark#1 (old crop) traded at U$790 pmt levels to CFR Kolkata.

Exports of Lentils down by 18%; India remains top export destination followed by UAE, Bangladesh, Sri Lanka & Nepal in July as per ABS.

Exports of Desi Chickpeas declined by 41%; Pakistan is top buyers followed by UAE, Thailand, Nepal & Canada in July as per ABS.

Pakistan, since from last week trade demand for desi chickpeas remains minimal. We heard in local market offers for CHKM at high U$530 pmt levels as PKR currency getting firmer against USD.

As per market experts Pakistan importers are getting good quality grade of Russian desi chickpeas at U$600 pmt levels to CFR Karachi in containers.

In Bangladesh, after sudden surge in demand for desi chickpeas for two weeks, afterwards we are observing minimal demand.

In Nepal, still no export price parity for Australia GM Canola; For desi chickpeas, we heard CHKM traded at high U$630 pmt levels to CFR Birganj in Oct/Nov Shipment in containers.

In China, minimal trade demand for Kaspa peas, we heard Kaspa peas traded at U$370 pmt levels to CFR Tianjin in containers.

Disclaimer: Prices mentioned are for indication purpose only

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venedor0 commentsAugust 31, 2023Weekly Market Update

Grain, Pulses & Oilseed Market Update (31/08/2023)

Global wheat market remains unchanged over last week. Northern hemisphere harvest coming to a close and ample stock availability and shipment from CIS makes buyers comfortable on current supplies. Australian local wheat prices are bit higher than last week as outlook is getting drier. Grower’s bids are increasing gradually as result.

In SEA region, Australian wheat prices are still unable to find export parity against cheaper Black Sea & EU wheat. As we heard trade offers for Black Sea & EU wheat at around U$290 pmt levels for 11.5% SEA destinations whilst Australian wheat is north of U$300 pmt.

China purchased in 600,000 MT of Australian BARLEY since tariffs has been removed. There is a strong demand for BARLEY but due to high local rates containerized business is not workable at the moment. We heard trade offers at U$280 levels in containers.

In China, we are observing very limited trade demand for SORGHUM. We heard trade offers at
U$340 levels in container

In India, the current scenario as we’re observing that El-Nino factor (below average Aug monsoon rains) already created upswings in pricing of various Pulses, rice, sugar, Wheat & vegetables in the domestic market. Supply fears are creeping in as a result of lower-than-average monsoons going into Rabi crop planting starting next month.

In India, firm trade demand for Australian red lentils since last week. We heard Australian red lentils (Nipper/Hallmark#1) old crop 22/23 traded to CFR Kolkata at U$765 pmt levels & also Canadian Crimson new crop 23/24 traded at U$780 pmt levels to CFR Nhava Sheva in containers. Australian local prices for both old and new crop remain strongly bid in both Victoria and South Australia with some good selling interest from growers at these numbers. With Canadian crop numbers seemingly coming in lower, we could possibly see further pricing upside should crop planting on Tur and lentils falter as a result of lower-than-average monsoons and resultant lower planting soil moisture.

In Pakistan, we heard CHKM quoted/traded to CFR Karachi at U$550 -545 pmt levels in containers for Oct/Nov Shipment period & heard trade offer for Australian red lentils (Nipper/Hallmark#1) at U$750 pmt levels.

In Bangladesh, we are observing significant demand for desi chickpeas since last week, we heard trade offers for CHKM for old crop 22/23 at U$610 pmt levels.

In China, minimal trade demand for KASPA PEAS due to cheaper availability of Russian yellow peas at U$350 pmt levels in containers.

As per BOM Australia, El Niño Alert continues, with El Niño development likely during spring. Cropping areas across Australia increasingly loosing sub-soil moisture and most areas require between 15-25 mm of rain in the next 2 weeks to sustain currently anticipated production numbers. Harvest setting in early in Central Queensland where harvest should start in the next week; south Queensland should start harvesting early Oct. We are generally expecting this year to be an early harvest on account of warmer than usual climate in Aug.

Disclaimer: Prices mentioned are for indication purpose only

DM us for the price indications & firm offers for Australian Grains, Pulses & Oilseeds

venedor0 commentsAugust 24, 2023Weekly Market Update

Grains, Pulses & Oilseeds Market Update (24/08/2023)

Global wheat production for 23/24 remained unchanged at 784MMT, over a 19MMT drop compared to 22/23 production due to decreasing Russian production as per IGC.

In Australia, before the arrival of the new crop, growers are concentrating on selling their old crop and clearing up their warehouse stock. Local wheat market trade demand remains strong for SFW & H2. New crop wheat port pricing has seen a jump last 2 weeks of between A$10-A$20 pmt, however grower selling subdued due to limited rain and increasing concerns on crop yields as a result.

As per PIRSA, South Australian crop production is estimated for wheat 5.08Mt, barley 2.17Mt, & canola 472K. Overall grain production 23/24 crop projected 8.8 MT compared to last year 12.8MT. Growers in the state remain concerned about the forecasted rainfall for late winter and early spring.

In Australia, in local market the price of lentil old & new crop was significantly higher last week due to seemingly tight global snd due to dryness concerns in Canada and India, with destination interest now significant. Demand continues with old crop price up by A$70 pmt & new crop price up by A$80 pmt.

In India, there is significant demand for Australia’s red lentils, we heard new crop 23/24 trade offers for Nipper/Hallmark#1 at high U$755 pmt levels to CFR Kolkata (bulk in containers) for Oct/Nov shipments period & good number of enquiries from all the locations. As Indian market for lentil is up by U$80 pmt over past two weeks & as we heard old stocks are getting liquidated at U$720 pmt levels. Bangladesh demand is limited at this stage for red lentils although they will need to participate for Oct/Nov/Dec shipments when their available stocks start running low.

In Bangladesh, we are observing strong demand for Australian desi chickpeas, as we heard new crop 23/24 trade offers for CHK1 at U$545-550 pmt levels, however limited trades heard as not many traders willing to sell at these levels without selling support from origin. Local Australian markets have increased grower bids however with limited selling interest in both old and new crop. Desi chickpeas demand in Pakistan remains subdued, last trades heard CFR Karachi at U$535 pmt (bulk in containers).

In China, trade demand for sorghum & barley is still very slow at the moment. We heard trade offers for Barley U$ 280 pmt levels & Sorghum at U$340 pmt levels.

On crop progress in Australia – Queensland remains dry with no forecast rain for next week. Low soil moisture levels may now start to impact grain production. Early harvest expected this year with Central Queensland expected to start harvesting mid Sep onwards with South Queensland expected to commence harvesting mid- Oct onwards. Northern NSW remains dry with now concerns of low production on planted crops, South NSW looks in good shape with recent rains and growers have applied fertilizer to crops to boost yields. Victoria is another state where all crops are in good to excellent state with continuing in crop rainfall boosting crop prospects. South Australian crops have been holding up well with some concerns on recent frost damage. In WA, GIWA has expressed concerns on dryness now impacting crop yields to the tune of 1mmt.

Disclaimer : Prices mentioned are for indication purpose only.

DM or mail us for the price indications & firm offers for Australian Grains, Pulses & Oilseeds

venedor0 commentsAugust 10, 2023Weekly Market Update

Grain, Pulses and Oilseed Market Update (10/08/2023)

China lifted the trade tariff on Australia’s barley last week. In Australia’s local market barley prices increased by A$30 pmt, however, limited demand as traders works towards sales and more details. We heard trade offers for feed barley at high U$ 270 levels in China last week.

In Australia, local wheat prices increased by A$ 20 pmt, resulting in an uplift in futures.

Export of Australian wheat declined by 44% in containerized business – China, Taiwan & Vietnam were the top buyers; In bulk, export declined by 22% – Indonesia, Thailand & Vietnam are volume buyers in June 2023 as per ABS.

India might abolish the 40% import tax on wheat to control local pricing in the country. As per government there was no proposal to import wheat from India via a government-to-government deal. As per MOA&FW wheat production recorded 112.74 MMT in 2023 compared to 107.7 MMT in 2022. All eyes are on India at this moment as imports in excess of 9 MMT will be a big number to be built into the global trade balance sheet.

Export of Australian Chickpeas increased by 135% & Pakistan remains the top volume buyer followed by Bangladesh & UAE in June 2023 as per ABS.

In Pakistan, we heard a trade offer for CHKM to CFR Karachi at U$ 525 pmt to the final buyer.

Export of Lentils dropped by 39% & India, Srilanka, and Nepal are top buyers in June 2023 as per ABS.

In India, demand for Australian red lentils spiked briefly on Canadian crop concerns, however, expected to trade sideways on the back of consistent demand for the upcoming festive season and increased supply from Australia & Canada. We heard Nipper/Hallmark #1 traded at U$ 670 pmt to CFR Kolkata.

In Bangladesh, the market is not supportive of CHK1 & Nipper/Hallmark #1 no export price parity at the moment.

Global oilseed market price fluctuations are driven by a couple of key factors, with EU crop cuts & US weather & ongoing Ukraine rapeseed export concerns & renewed dryness concerns in Canadian prairies. In Australia local market canola old crop prices following European futures with an upswing of A$25 pmt after a similar drop last week, grower selling is limited for old crop canola and new crop canola due to ongoing concerns of dry spring and limited crop rain last few weeks in the east coast cropping regions.

In Nepal, Australian canola seeds still struggling to find export price parity against cheap Ukraine’s rapeseed.

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venedor0 commentsAugust 3, 2023Weekly Market Update

Grains, Pulses & Oilseed Market Update (03/08/2023)

Once again global wheat market is driven by North America weather. As Black Sea tension has subsided, price of wheat has corrected but still Russian wheat remains cheap.

In Australia, local bids for APW1 wheat for old & new crop were down for a week due to the softer global market & lower demand.

According to the China Ag Ministry category 5 Typhoon Doksuri is likely to do significate damage to corn field & grain facilities. China is 2nd biggest producer of corn.

As per USDA crop progress report indicates that dry & hot weather impacted on US corn crop condition, which has continued to be declined.

Barley market remains idle with poor demand & buying interest. Australian growers are optimistic about China’s mkt. Waiting for outcome review of China on tariff by 11th August.

RBA hold interest rate 4.1% for 2nd straight month. Australian dollar on correction mode largely due to other global factors.

In China, minimal trade demand for kaspa peas against cheaper Russian yellow peas. We heard trade offers for Australian kaspa Peas at U$ 380 levels & Russian yellow chickpeas traded at U$ 345 levels this week.

In China, we heard trade offers for Australian sorghum at U$ 335 levels in containers.

In Nepal, we heard that Australian red lentils (Nipper/Hallmark #1) traded at U$ 700 pmt to CFR Birgunj in containers.

In India, no major demand arise for Australian red lentils. We heard Australian red lentils (Nipper/Hallmark #1) traded to CFR Kolkata at U$ 675 in containers & as heard from market experts that desi lentils are been sold in premium price than imported lentils.

In Bangladesh, demand is flat for Australian red lentils (Nipper/Hallmark #1). We heard trade offer at U$ 650-660 levels.

In India, no demand for Faba Beans. We heard FAB#1 traded in U$ 380 levels & less U$10 pmt FAB#2 to Kolkata’s local mkt.

In Pakistan, We heard trade offer at for CHKM to CFR Karachi at U$ 530 levels to final buyer.

In Bangladesh, we heard trader offer in local market for desi chickpeas at U$ 485 levels.

𝗗𝗠 𝘂𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗽𝗿𝗶𝗰𝗲 𝗶𝗻𝗱𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 & 𝗳𝗶𝗿𝗺 𝗼𝗳𝗳𝗲𝗿𝘀 𝗳𝗼𝗿 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮𝗻 𝗚𝗿𝗮𝗶𝗻𝘀, 𝗣𝘂𝗹𝘀𝗲𝘀 & 𝗢𝗶𝗹𝘀𝗲𝗲𝗱𝘀

venedor0 commentsJuly 27, 2023Weekly Market Update

Grains, Pulses & Oilseed Market Update (27/07/2023)

Global wheat production 2023-24 declined by 1.9 MMT from last month to 784.2 MMT or 19 MMT less than last year 2022-23 as per IGC.

Russia attacked Ukraine’s grain terminals in the Danube port, which resulted in wheat futures up by 8.5%, though profit-taking capped the surges. Corn futures are also up by A$10-15 pmt.

The domestic Australian wheat market went up by A$20-A$50 pmt for old crops. But still Australian wheat is unable to compete against cheaper Russian grain in the destination market. In the SEA region, we heard that the Vietnamese buying Aussie wheat at mid-US$ 310 levels in bulk vessels.

Eygpt Govt assured to local public that it have sufficient wheat stock after Russia walked out from the grain deal on 18th July. Egypt started signing an agreement with India to import wheat & acute for other multiple wheat sources such from the US, Bulgaria, Romania, France & Germany as per UkrAgroConsult.

India has banned non-Basmati rice exports. As they predicted acute shortage is on the way due to crop damage by heavy rainfall. India accounted for more than 40% of rice exports across the globe.

In China, minimal trade demand for Australian sorghum against cheaper US sorghum. We heard trade offers for Australian Sorghum at U$ 340 levels last week & trade offers for US Sorghum at U$ 315-320 levels.

Global oilseed markets are unpredictable due to high tension in the Black Sea and dryness concerns in Canada, which resulted in Australia’s old crop canola prices going up by A$5 pmt & new crop trading at a premium price of A$20-40 pmt, this past week.

In Nepal, no price viability for Australian canola. As we heard trade offers for Ukrainian rapeseed at US$ 545-550 levels for CFR Birgunj.

In India, there is no major enquiry for Australian red lentils at the moment & the local port stock price is relatively flat. As we heard the trade offers for Nipper/Hallmark #1 at U$ 690 levels for Birgunj.

In China, minimal trade demand for Australian Kaspa peas against cheaper Russian yellow peas at US$ 330 levels. KASPA PEAS traded CFR Tianjin US$ 380 pmt in containers.

In Nepal, as we heard the trade offer for Australian CHK1 at US$ 580 levels for CFR Birgung & Biratnagar in containers.

In Pakistan, we heard trade offer CHKM at US$ 540 levels CFR Karachi to final buyers & PKR currency is firming up.

venedor2 CommentsJuly 20, 2023Weekly Market Update

Grain, Pulses & Oilseed Market Update (20/07/2023)

Black Sea corridor is officially expired Russia reject the renewal of the deal. The Ukrainian president is cooperating with the UN & Turkey to continue the deal. As per market experts, Russia’s call-off did not initially impact the global wheat market as much as it was anticipated, though with yesterday’s bombing of Ukrainian port infrastructure and some 50k wheat stock, there was an acute increase in the price of wheat & corn market. Russia’s intent seems to be clearly in the direction of punishing Ukraine and applying pressure on the west to give in to their demands.

Russia might abolish export duties for grains/oilseeds/ veg oils if shipped to so-called ‘Friendly nations’ So countries like Egypt could buy Russian wheat cheaper & India save $ on sun oil imports – wheat etc. to be used as a geopolitical weapon

Australian wheat price remains uncompetitive even after getting the best freight rates against cheaper Russian wheat in the SE Asia region.

In SE Asia, we heard that APW traded Sahathai for 304 levels & APH13 traded CFR Laem Chabang for 370 levels.

For Barley, Australian growers have to wait a little longer as China demands one more month to review the tariffs before final comment.

Australian feed barley export is up by 14% & malt barley is declined by 48% ; KSA, Japan & Vietnam biggest importers – of feed barley; Vietnam, Peru & Ecuador are the top importers in n the month of May per ABS

Export of Sorghum is up by 25%; China accounted for 98% of the total export in May as per ABS.

Locally, Kaspa Field Peas prices shoot up by A$ 20-30. We are observing strong trade demand coming from China. Recent trade offers reported for Kaspa Peas – CFR Tianjin at U$ 390 – U$ 395 levels

Global canola market is climbing so as Australian canola both old & new crop prices went is up by $40 pmt.

In Nepal, we heard a trade offer for Ukrainian rapeseed at U$ 560- U$ 565 levels. Markets have moved up by almost U$40 pmt in last 2 weeks. No export price parity for Australian GM Canola seed yet.

Australian red lentils demand remains flat at the moment in India. No significant enquiry.

In Pakistan, we heard trade offers for CHKM – CFR Karachi at U$ 545 – U$ 550 levels. The local market is up as PKR currency is firming up after the IMF loan and demand continues.

DM us for the price indications & firm offers for Australian Grains, Pulses & Oilseeds

venedor0 commentsJuly 13, 2023Weekly Market Update

Grains, Pulses & Oilseeds Market Update (13/07/2023)

All eyes on black sea deal extension sets to expire on 17th July 2023, Russia threatened to quit deal & as Turkey President Erdogan want 3 months extension deal.

As per RUSGRAIN union top importer of Russian wheat 22/23 season are Egpyt (11.9mmt), Türkiye (10.2 mmt), Algeria (3.3 million tons), Iran (3.1 million tons), and Saudi Arabia (3.1 million tons).

Australia wheat export increased by 9%; China, Philippines & Taiwan are top volume buyers in containerised business & again China is largest buyer followed by Vietnam & Indonesia in bulk in vessel business in May as per ABS.

Australia canola unable to find’s the export parity in Nepal market against Ukraine’s rapseed. We heard trade offers at Ukraine rapeseed at U$ 520+/- levels – bulk in containers.

Australia canola exports up by 56%; Pakistan, UAE & Japan are largest buyers in May as per ABS.

Australia red lentils current demand from India is sluggish at the moment, market experts are anticipating that demand will pick up during festival & marriage seasons. As we heard trade reported for Nipper/Hallmark #1 at CFR Kolkata U$ 670 levels & CFR Birgung (Nepal) U$ 682 levels, bulk in containers.

Australia lentils exports up by 65%; India is largest buyer followed by Turkiye & Nepal in May as per ABS. Shipments still strong with upto 940k exported Jan,23 to May,23. Stocks seems to be tightening up with generally low-quality product remaining in VIC.

In Pakistan, CHKM traded – CFR Karachi U$ 530+/- pmt in containers. Karachi local market price went up CHKM U$ 548 pmt & CHK1 U$ 555 pmt as per market advised received. PKR/U$ on recovery streak. Since the reports of the IMF standby deal, PKR gained Rs.8.50 to U$ in past few sessions. Will boost import parity.

Australia desi chickpea exports up by 280%; Pakistan, Nepal & UAE were top buyers in May as per ABS.

No export parity at the moment in China’s market for Australia’s sorghum. As we heard trade reported for CFR Qingdao – U$ 325 pmt last week bulk in containers.

AUD/USD jumped 1.5% overnight on account of USD weakness, as a result of lower-than-expected US CPI data for June 23. This may limit further fed rate hikes.

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venedor0 commentsJuly 7, 2023Weekly Market Update

Grain, Pulses & Oilseeds Market Update (05/07/2023)

In Australian red lentils (Nipper/Hallmark) we are observing thin trade demand coming from India. Recent trade reported of Nipper – CFR Birgunj (Nepal) at 685 levels in containers.

Sight of relief to Pakistan, IMF team has reached a staff-level agreement with the Pakistani authorities on a nine-month Stand-by Arrangement (SBA) in the amount of SDR 2,250 million (about $3 billion or 111 percent of Pakistan’s IMF quota). Heard offers for CHKM at 510-15 levels CFR Karachi in containers, though low demand in local Pakistan market and Karachi port arrivals of peas picking up.

Reserve Bank of Australia hold interest rate 4.1% in June to tackle inflation in country. AUD/USD rangebound 0.66c to 0.67c.

As per FAS USDA forecasted, Australia wheat production 29 Mt in 2023/24 (-10.7 Mt compared to last year). Export will drop to 21 Mt than last year 31 Mt. Barley production forecasted to 10 Mt in 2023/24 compared to last year 14 Mt & exports will up by 5.5 Mt due to China’s tariff review & uncertainly of Ukraine exports.

Despite of upheaval with Ukraine, Russia recorded 45 MMT export of wheat or 51% higher than last season 2022-23. Presently, Russia wheat is ruling the market with cheap pricing across the destinations.

Australian wheat followed somewhat the sharp falls seen on US wheat futures because of positive crop conditions. New crop APW multi bids down $20 -$30 pmt ; old crop $10 -$20 pmt various port zones, but with little selling interest from growers, market remains illiquid.

In Russian & EU harvesting of wheat is begun, with other grains & oilseed begin to harvest in next months. The major challenge for EU wheat exporters is the dominance of cheaper Russia wheat in the market. Might they have to target Morocco & China for larger export sales.

Black Sea vs Australian barley spread to Middle East markets at U$50 pmt currently and thus remains uncompetitive while Australia still waits for China barley markets to open.

Lack of export demand on barley with new crop bids $10-30 pmt down and old crop seeing $10-$15 drop in bids.

Sorghum markets continued to be subdued with harvest largely completed in SE QLD and NNSW and partial remaining in CQ. Reportedly traded in containers to Qingdao at USD 322 pmt with thin interest.

As per EU commission, EU rapeseed production forecast of 600Kt to 19MMT proved to be bullish factor for Australian canola seeds

Production cuts to US soybean and EU rapeseed caused a brief run on the bourses but given a heavy northern hemisphere supply side on oilseed and bearish demand, little upside potential. Ukraine rapeseed reported trade into ISC at USD 500 pmt levels in containers

As per USDA WASDE, Global rapeseed production remains unchanged this month at 87 Mt. Overall consumption forecasted 85 Mt, with marginal rise of 2%(y-o-y) for EU to 25.4 Mt. Overall export dip by 2% this month to 17.7 Mt due to fall in Australian exports. With decline in production, Ukraine & Australia exports are expected to drop by 15% & 38% respectively.

As per BOM withholding officially declaring EL Nino yet saying “sustained changes in wind, cloud and broadscale pressure patterns towards El Nino-like patterns have not yet been observed”.

“This means the Pacific Ocean and atmosphere have yet to become fully coupled, as occurs during El Nino events.” The current status of the ENSO Outlook does not change the long-range forecast of warmer and drier conditions across much of Australia for August to October,”

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venedor0 commentsJune 28, 2023Weekly Market Update

Grains Market Update (28/06/2023)

Black Sea wheat continues to be cheapest source, keeping a lid on Australian exports and values

Black sea grain corridor expiring 18th July 23, less compulsion to renewal by Russia may lead to impact on grain markets. 33 mmt appx. exported via the grain corridor, may need to find alternate routes via river/rail/road options.

US weather markets in play on the boards. Better prospects of rain over the US Midwest now factored in however US wheat still at significant premium to Black Sea and may need to discount further.

Australian domestic wheat market observes strong demands for SFW from QLD feed markets. Export demand remains flat with exporters focusing only on front month shipment coverages which are easily purchased without pushing values upwards.

India, might look for a wheat import. As the federation of millers of India, wheat production 2023/24 forecasted is 101-103 MMT against the earlier wheat production 2023/24 forecasted by by the MoA & FW 112.74 MMT last month. Government holding appx 8.7mmt of wheat for market interventions post PDS and buffer requirements and with stock limits in place may be able to hold off imports for now.

A significant rain band cutting across NT and crossing over east into QLD and NSW may bring welcome rainfall to dry northern plains of NSW this week and next. May allow for those dry areas from Moree to Walgett to be planted – most likely wheat and barley acres and to a lesser extent chickpeas.

Several good rainfalls in WA, SA & VIC in June seems to have alleviated any moisture stress on winter crops and growing recent demand for urea ahead of rain events indicate that growers in many areas with good rainfall totals may now have confidence on winter crop prospects. Would it be a moderate El Nino! BOM forecasts indicate IOD likely to be positive only by Aug,23 lending to drier conditions so spring dryness may have impact.

Growers showing little interest to sell new crop 2023-24 production, though uptick in new crop APW values upwards of A$410 port have seen some participation by growers having good soil moisture profiles.

This week containerized trade price advise from market sources :-

SE Asia – APW traded in mid U$ 320s

News

Grains, Pulses & Oilseeds Market Update (14/09/2023)

Grain, Pulses & Oilseed Market Update (31/08/2023)

Grains, Pulses & Oilseeds Market Update (24/08/2023)

Grain, Pulses and Oilseed Market Update (10/08/2023)

Grains, Pulses & Oilseed Market Update (03/08/2023)

Grains, Pulses & Oilseed Market Update (27/07/2023)

Grain, Pulses & Oilseed Market Update (20/07/2023)

Grains, Pulses & Oilseeds Market Update (13/07/2023)

Grain, Pulses & Oilseeds Market Update (05/07/2023)

Grains Market Update (28/06/2023)

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