venedor0 commentsNovember 15, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (15/11/2024)

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

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

Best Regards

Read More
venedor0 commentsNovember 8, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (08/11/2024)

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.

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

Kind Regards

Read More
venedor0 commentsOctober 11, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (11/10/2024)

The ongoing conflict between Iran and Israel and subsequent oil price spike has also spiked global oilseed market prices on account of bio-fuel inclusions. Locally in Australia, this has led to a significant increase in canola prices.

Dry weather condition in both Australia & the Black Sea region where it is impacting planting of crops has driven up global wheat values and in turn new crop Australian wheat prices on the east coast & WA. Domestic market bids are up by A$8-10/MT in the last 1 week, with no significant grower selling yet. In SEA region, heard that ASW9 trading at U$280/MT levels+/-U$3/MT – (J/F) & AH1 trading at high U$320/MT – (N/D) to CFR SEA major ports in containers. Next 2 weeks rain is predicted in Southern NSW & Victoria which may provide a relief and boost to crop volume.

Exports of Australian red sorghum down by 27% in Aug,24 compared to Jul24, major buyers are China, Japan & Taiwan as per ABS. Demand for Australian red sorghum in China is sluggish, with offers high at U$295/MT to CFR Tianjin (O/N) in containers & no firm interest. Chinese buyers are seeking the new crop of Kaspa peas, targeting U$440/MT, while offers quoted U$460/MT to CFR Tianjin. Local sources indicate that the peas market remains stable to flat, but there’s no significant buying demand from the downstream market.

Exports of Australian feed barley up by 8% & malt barley fell by 1% in Aug,24 compared to Jul,24; feed barley main importer is Japan, Peru, China & malt barley main buyers is China, Mexico, Vietnam as per ABS. Hearing no indicative trade offers from Australia barley this week & Russian barley offered at U$225/MT to CFR China major ports.

In Pakistan, demand for Australian desi chickpeas is strong for prompt shipments but low for Dec/Jan. Reports indicate vessel business at U$850/MT to CFR Karachi (O), while there have been no containerized trades this week. Hearing trade offers for Australian desi chickpeas range from U$810-840/MT for Nov in containers. Pakistani buyers continue to buy Tanzanian desi chickpeas at U$850/MT for prompt shipments. Demand for Australian red lentils are currently sluggish, with price quoted U$760-770/MT to CFR Karachi (N/D) in containers.

In India, the demand for Australian desi chickpeas has been declining for the past two weeks due to subdued buying interest. Indian domestic traders are anticipating that the price of desi chickpeas may firm up due to strong demand during festive season in upcoming days. Hearing trade offers at CHK1(24/25) – CFR NS/Mundra – U$830/MT levels (O/N) to CFR NS/Mundra in containers. No movement in Australian red lentils at the moment as demand is sluggish, with hearing offers NIP1/HAL1 at U$750-60/MT to CFR Kolkata (N/D) in containers. This week, some business reported on Faba beans at U$430/MT to CFR Kolkata (N/D) in containers.

Bangladeshi buyers are actively participating for desi chickpeas to cover next year’s Ramadhan demand, as hearing business reported at U$850/MT levels to CFR Chittagong (O/N) & hearing trade offers at U$840/MT levels (N) & U$820/MT levels (D) to CFR Chittagong in containers.

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

Regards

Read More
venedor0 commentsOctober 4, 2024Weekly Market Update

𝗚𝗿𝗮𝗶𝗻𝘀, 𝗣𝘂𝗹𝘀𝗲𝘀 & 𝗢𝗶𝗹𝘀𝗲𝗲𝗱𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗨𝗽𝗱𝗮𝘁𝗲 (𝟬𝟰/𝟭𝟬/𝟮𝟬𝟮𝟰)

According to PIRSA assessment – South Australia’s winter crop 24/25 report indicates a 35% declined in production to 5.9MT, which is 35% below the five-year average & report forecasts a reduction in the harvest area for wheat, barley, lentils, vetch, & canola, attributing this decline to insufficient rainfall and the effects of frost. The following winter crop estimated Wheat – 3.1MT; Barley – 1.5MT; Lentils – 427KT; Canola – 348KT; Beans – 128KT; Oats – 103KT; Lupins – 48KT; Peas – 46KT; Vetch – 18KT; Chickpeas 13KT.

Australian wheat prices have firmed up in local due to frost conditions in South Australia & the ongoing conflict between Iran and Israel. In SEA region, this week hearing ASW (24/25) begin quoted at high U$285/MT to CFR SEA major ports in containers.

China market is closed this week due to the ongoing national holiday. Limited business has been reported for Australian red sorghum at U$295/MT to CFR Qingdao (O/N) in containers. There are enquiries for Kaspa peas with offers at U$470-475/MT to CFR Tianjin, but buying bids are at U$425/MT, which is not viable due to the high origination price. Offers for Canadian YP are at U$420/MT and Russian YP at U$410/MT to CFR China major ports, with buying levels at U$360/MT.

Exports of chickpeas increased by 35% in Aug,24 compared to Jul,24 – main importers are India, Pakistan & Nepal as per ABS.

Pakistan market for Australian desi chickpeas is slow due limited buyer interest. Hearing trade offers for CHK1(24/25) at U$900/MT (O) ; at U$860/MT (O/N); at U$810/MT (N/D) to CFR Karachi in containers. While the local market is witnessing an upward trend in desi prices due to shortage, reaching as high as U$1005/MT. Low demand for Australian red lentils, with offers at U$765-70/MT (N/D) to CFR Karachi in containers.

Exports of lentils declined by 43% in Aug,24 compared to Jul,24 – major buyers are India, SL & Pakistan as per ABS.

Indian buyers show limited interest in Australian desi chickpeas, with offers for CHK1(24/25) – U$840-45/MT (O/N); at U$800-05/MT(N/D); at U$790-95/MT (D/J) to CFR Mundra/NS in containers. Meanwhile, in local market of desi stands at INR 79.25 per kg. Interest for Australian red lentils are low from buyers, with offers at U$740-50/MT (N/D) to CFR Kolkata in containers.

Bangladeshi buyers showing low buying interest for Australian desi chickpeas, with offers at U$810-15/MT – (N/D) to CFR Chittagong in containers & local market of desi stands at U$925/MT. There are few enquiries for Kaspa peas as well.

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

Kind Regards

Read More
6 Sep, 2024
venedorSeptember 6, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (06/09/2024)

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.  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

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

Regards

Read More
30 Aug, 2024
venedorAugust 30, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (30/08/2024)

The demand for old crop Australian wheat from Southeast Asian millers is sluggish due to the more sufficient Black Sea wheat supply & competitive prices that keeps Australian exporters out of game. In SEA, APW quoted at U$280/MT & ASW9 trading below U$265/MT to CFR SEA major ports in containers.

In China, this week Australian red sorghum (SOR1) has been trading to CFR Tianjin in containers at U$275/MT (S/O) & also hearing that in local market demand for sorghum is rising as the Mid-Autumn Day festival approaches. Additionally, USA sorghum has reportedly traded below at U$270/MT in containers, with Argentina’s sorghum buying bids at U$250/MT. This week hearing no indicative offers for Australian barley & RU barley offered below U$230/MT to CFR China main ports. Australian Kaspa peas demand is bearish against RU/Canadian peas offers as buyer bids are below U$350/MT. We heard some unconfirmed reports of Importers being asked to withdraw from import purchases of barley and sorghum to support domestic pricing amidst slower consumer offtake and abundant stocks in the country.

India’s domestic market for Desi Chickpeas continues to be robust at INR 80/kg. This week has seen considerable trading activity as resellers engage in liquidating their positions, with business reported at U$825-835/MT – (N/D) to CFR NS in containers. Hearing trade offers for CHK1(23/24) at U$920/MT – (S); CHK1(24/25) at U$865-870/MT – (O/N); U$845-850/MT – (N/D) in container; & also bulk offered at U$865/MT (O/N); U$825/MT – (N/D) to CNF India. Sluggish demand for Australian red lentils, heard this week limited qty trade reported NIP1/HAL1 at U$645/MT to CNF India in containers & also heard that Canadian crimson is trading in bulk at U$595-599/MT (S/O) to CFR Mundra.

Chickpeas crop in Australia is coming along in great shape with excellent growing conditions. This has increased grower/trader confidence in the crop leading to increased liquidity in forward selling. Although, focus is now on logistics of moving this crop into export markets. It has started to warm up in all key chickpeas growing areas and we expect Central Queensland to start harvesting in early October. Chickpeas in CQ will likely go onto bulk vessels. Moderate weather is required during Sep/early Oct for SE Qld and NNSW chickpea crop, a quick warm up in weather may impact yield potential. BOM latest temperature outlook forecasts an Increased chance of unusually warm days and nights, particularly across the north Australia and Tasmania from September to November.

Pakistan has not seen significant trade movements in Australian DCP this week, as buyers are focusing on Tanzanian and Russian DCP cargoes and waiting for Australian DCP crop harvest. Trade offers quoted for CHKM at U$865/MT – (S); CHK1(24/25) at U$840/MT – (N/D) to CFR Karachi in containers. There is a sluggish demand for Australian red lentils, quoted at U$675/MT to CFR Karachi in container.

In Bangladesh, last we heard Australian DCP new crop indicating bulk offers at U$855-860/MT to CFR Chittagong. As we heard BD local market is trending upwards in DCP at U$840-845/MT & down in red lentil at U$695/MT.

Nepal’s demand for new crop Australian DCP and red lentils has diminished, as buyers showing interest for Canadian lentils priced at U$650/MT & no interest in DCP due the high price.

Egypt’s buyer showing interest in the new crop of Faba beans for early shipments, offer quoted at U$450-460/MT to CFR Damietta in containers.

Disclaimer: Prices mentioned are for indication purpose only

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

Best Regards

Read More
16 Aug, 2024
venedorAugust 16, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (16/08/2024)

The pulse market in India has experienced a significant surge as the festive season approaches especially in desi chickpeas this week, with hitting INR 77 locally. Meanwhile, demand for Australian chickpeas has strengthened, with limited current crop & new crop offers being quoted at U$930+ (A/S) & U$920/MT – (O/N) to CNF India in containers. Australian red lentils demand is slow.

Pakistani market is stable for Australian desi chickpeas and sluggish for Australian red lentils, with bulk vessel business reported (A/S) at U$820/MT for CHKM, U$860/MT for CHK1(23/24), and U$650/MT for NIP1/HAL1. Container offers (S) quoted at U$685-690/MT for NIP1/HAL1; U$910+ for CHK1(23/24); U$860/MT for CHKM to CFR Karachi. 

Chinese market has remained subdued for 1.5 months, attributed to weaker demand. Minimal trading activity in Australian red sorghum as offers quoted at U$275-277/MT to CFR Tianjin (A/S) in containers – buying bids at U$270/MT which consider far too low given the high origination prices in Australia.  No demand in Kaspa peas & GMB. Australian barely offers high U$265/MT to CFR China, buying interest at U$255/MT.

In SEA, millers are keeping a close eye on the market prices of different wheat origins for future purchases, as limited trade offers from the Black Sea region and Australian wheat APW1 being offered at prices below $275/MT to CFR SEA major in container.  

In Bangladesh, some buying interest coming for Australian red lentils & desi chickpeas. Heard the offers quoted at U$685/MT to CFR Chittagong in containers (S).

In Nepal, lack of participation from buyers for Australian red lentils, desi chickpeas & canola.

In Egypt, no buying interest for faba beans & lupins at the moment.

Disclaimer: Prices mentioned are for indication purpose only

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

Best regards

Read More
2 Aug, 2024
venedorAugust 2, 2024Weekly Market Update

Grains, Pulses & Oilseed Market Update (02/08/2024)

Global wheat prices are under pressure from the North Hemisphere’s higher wheat production and better harvest conditions. Demand for Australian wheat exports is low as SEA millers are progressively showing interest in wheat from the Black Sea region. In SEA region, we hearing that APW1 quoted at U$280/MT (Sep/Oct) ; AH1 at U$325/MT ; APH13 traded at U$350/MT to CFR SEA main ports in containers.

The oversupply of corn & soybeans from the US and Brazil in global markets causing price pressure on feed markets. China mkt is grappling with declining demand due to weaker economic conditions across the food and feed sectors. This week we are hearing Ukr barley priced under U$240/MT ; RU priced at U$250/MT to CFR China in containers & offers for Australian barley at U$265+ due to lower stock availability till new crop. There is minimal demand for Australian red sorghum in China, offers quoted at U$280/MT to CFR Tianjin (Aug/Sep) in containers. No interest in kaspa peas & green mung bean.

In Pakistan, we are hearing that pulse markets across nation have shut down for a three-day strike to protest against the government’s taxation policies. There is slow demand for Australian lentils, trading at U$665/MT & minimal demand for Australian desi chickpeas, current crop offer quoted at CHK1(23/24) at U$880/MT; CHKM at U$ 840/MT – (Aug/Sep) & new crop offers quoted at U$835/MT – (Nov/Dec) to CFR Karachi in containers. Also heard that Tanzania desi chickpeas trading at U$840/MT to CFR Karachi past few days with reported offers now in range of U$820-U$825/MT.

In India, trade activity for Australian red lentils reported trading at U$660-665/MT CFR Kolkata -(A/S) in containers this week. Currently, the demand for Australian desi chickpeas remains low with limited buying interest amidst low offtake by local chana millers. Traders awaiting festive demand to pick up this month. New crop Australian desi chickpeas offers limited due to container freight uncertainty, old crop Aug/Sep offers at U$880/MT CFR India main ports basis.

In past week, the global oilseed markets experiencing declines, especially in the rapeseed, canola & soyabeans. Hearing trade offers for Australian canola at U$665/MT; Ukraine rapeseed at U$635/MT to CFR Birgunj (A/S) in containers.

In Bangladesh, demand for Australian red lentils, desi chickpeas, canola & kaspa peas is low.

Crop progress for Queensland and New South Wales is in good to excellent conditions across most growing areas. Cold weather and frosts in most areas this past week which at this stage of crop will not be detrimental. Growers seem to be confident on chickpeas crop potential, however forward sales by growers is still very limited and will remain so till closer to harvest as Indian demand continues to be stable.

Victoria crops are still in post-emergence stage due to late rains for germinating crops. The crops will require continuing cold weather and in crop rain in Aug/Sep to get some growth, earlier than late Sep hot weather will be detrimental and cause yield potential to be lost. Lentils prices in upcountry Victoria have continued to track lower dropping A$30 pmt in the past week following price corrections in ISC. Ongoing concerns for new crop yield potential will limit grower sales of remaining old crop tonnes at these price levels.

South Australia crops also remain underfed on in crop rains receiving an average 5 mm only past 10 days and will require higher amounts of in crop rain in Aug/Sep to maintain yield potential.
Western Australia grain growing regions continue to see in crop rain and crops will maintain yield potential on extended cold wintery conditions allowing crops to tiller.

Disclaimer: Prices mentioned are for indication purpose only

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

Read More
26 Jul, 2024
venedorJuly 26, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (26/07/2024)

Demand for Australian wheat in SEA region is currently subdued as millers have sufficient stocks till Sept,24. Hearing APW are being quoted at U$280/MT & ASW at U$272/MT – (Sep/Oct) to CFR SEA major ports in containers.

Chinese economy is experiencing a significant slowdown in all sectors, resulting in low demand in commodities. The Australian dollar corrected 2% this past week, currently at 0.655 against USD, China’s poor economic performance and resultant commodities slump led to bearish sentiment reflecting upon the A$.

Australian red sorghum (SOR1) containers priced at U$280-283/MT CFR China main ports basis with interests ranging U$275-280/MT; AU barley priced at U$265/MT to CFR China main ports(Aug/Sep) in containers with limited interest from buyers & no buying interest for GMB & Kaspa peas at the moment. Also heard trade offers at RU barley at U$245-250/MT; RU Oats – at U$255/MT to CFR China main ports(Aug/Sep) in containers & UKR Barley priced at U$240/MT in bulk (Aug).

Pakistan maintains a steady trade flow of Australian desi chickpeas, heard trade offers for Australian CHK1(23/24) at U$885/MT – (Aug/Sep) & new crop CHK1(24/25) at U$840/MT – (Nov/Dec); CHKM at U$850/MT – (Aug/Sep) to CFR Karachi in containers. Also heard Russian origin desi chickpeas new crop trading at U$880/MT – (Sep) & Tanzania desi offers at U$870/MT – CFR Karachi in containers.

India’s demand for Australian desi chickpeas is low at the moment, heard offers for Australian CHK1(23/24) at U$875/MT – (Aug/Sep) & new crop CHK1(24/25) at U$840/MT – (Nov/Dec) to CFR Kolkata in container & new crop bulk in vessel offers quoted at U$835-840/MT – (Nov/Dec) to CFR Kolkata/Mundra.

Australian red lentils continued to face a price slump last week due to better new crop prospects on back of rains in Vic/SA and crop certainty ex Canada/Russia adding onto available global inventories. Lower demand from Indian sub-continent as a result of global price cues resulting cheaper market offers. Indian traders still worried with excess government red lentil inventories which they have started releasing in local markets and risk of government intervention on lentils and YP. There is minimal trade activity at Australian red lentils old crop in India, trading at U$680/MT – (Aug/Sept) to CFR Kolkata in containers. Also heard business reported of Canadian lentils trading at U$665-668/MT – (Nov) to CFR India ports.

Limited demand for lentils into Pakistan, we heard offers for NIP1/HAL1 at U$690/MT (Aug/Sep) & trade reported at U$675/MT to CFR Karachi this week; Russian lentils offer at U$690/MT (Aug/Sep); Canadian lentils MD trading at U$680/MT (Sept/Oct) to CFR Karachi in containers.

Egypt is experiencing slow demand for faba beans due to bulk vessel arrival offering at U$540/MT, while current crop faba offers at U$570/MT & Lupins current crop quoted at U$560-570/MT levels to CFR Damietta in containers.

In Nepal, minimal trade demand for Australian lentils, desi chickpeas & canola. Hearing trade offers or GM Canola Min 45% at U$670/MT for CFR Birgunj in containers.

In Bangladesh, limited trade activity in Australian desi chickpeas, red lentils, canola & kaspa peas. Hearing trade offers of NIP1/HAL1 at U$710/MT – CFR Chittagong – (Sep) in containers.

Disclaimer: Prices mentioned are for indication purpose only

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

Best Regards

Read More
12 Jul, 2024
venedorJuly 12, 2024Weekly Market Update

Grains, Pulses & Oilseeds Market Update (12/07/2024)

Australian red sorghum exports roses to 71% in May,24 compared to previous month & main buyer is China as per ABS. Demand is low for Australian sorghum, hearing recent trades reported at U$290/MT for CFR Qingdao in containers this week. There is some trading activity in Kaspa peas with trade reported at U$455/MT to CFR Tianjin (Jul/Aug) in containers this week.

Australian feed barley exports dropped by 31% in May,24 compared to previous month, while malt barley fell by 71% during same period & major importers is China as per ABS. The Chinese buyers are targeting Australian feed barley at high U$250/MT, while sellers quoting at U$275/MT (July/Aug) for containers & bulk priced at U$260-265/MT levels to CNF China. Hearing that Black Sea origin barley such as Ukraine quoted at U$240/MT & Russian at U$250/MT to CNF China (July/Aug) in containers. It also reported that buyers have booked Canadian barley at U$258-260/MT to CNF China major ports.

Australian wheat exports containerized up by 3%, major buyers are Malaysia, Taiwan & Thailand, while bulk exports dropped by 15%; main importer are Philippine & Indonesia as per ABS. In SEA region, APW1 quoted at U$305/MT in container & bulk priced under U$300/MT to CFR SEA major ports; ASW quoted at U$280/MT & H2 quoted under U$300/MT to CFR China major ports in containers. 

Since Indian government has recently set a stock limit on pulses, leading to a minimal demand of Australian desi chickpeas for couple of weeks. Hearing recent forwards trades reported of CHK1(24/25) at U$845/MT to CNF India (Nov/Dec) in containers. Some trade activity in Australian red lentils this week, hearing trades reported at U$730/MT (Aug/Sept) in containers.

In Pakistan, there is minimal demand for Australian lentils & strong demand for Australian desi chickpeas. Hearing trade offers for NIP1/HAL1 at U$735/MT (Jul/Aug); CHK1(23/24) at U$875/MT (Aug/Sept) & CHKM at U$840/MT (Jul/Aug) to CFR Karachi. A few trades have been reported for CHK1(23/24) at U$860/MT & CHKM at U$835/MT in containers & also heard that Tanzanian desi chickpeas have traded at U$855/MT to CFR Karachi.

In Nepal, minimal trade movement for Australian desi chickpeas, red lentils & canola – hearing offers at U$900/MT; U$775/MT, & U$665/MT to CFR Birgunj in containers.

In UAE, buyers are targeting Australian red lentils new crop at U$720-725/MT levels to CFR Jebel Ali in containers

In Bangladesh, no trade activity in Australian desi chickpeas, red lentils, canola & kaspa peas.

Exports of canola increased by 4% in May,24 compared to previous month & major importers are Pakistan & Japan as per ABS.

Disclaimer: Prices mentioned are for indication purpose only

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

Best Regards

Read More