Australia Pulses Market

30-Nov-2024 11:58 AM

Australia Pulses Market
The Australian Pulses market, particularly for Desi gram, is experiencing notable price fluctuations influenced by trade dynamics in various destination markets.

India: The price of Australian Desi gram remains strong, with bulk vessel trade prices around USD 695/MT (J) CNF for India. However, there is increasing competition as buyers bid up to USD 750/MT for shipments to CHK1 (24/25). This suggests robust demand, likely due to ongoing market requirements for high-quality Desi gram.

Bangladesh: In Bangladesh, the situation is similar, with bids at USD 690/MT for December cargo. Offers for Chittagong CFR in containers are slightly higher at USD 720/MT, indicating stable demand but with a slight price variation based on containerized versus bulk shipments.

Pakistan: On the flip side, Pakistan has been relatively slow in demand for Australian Desi gram and red lentils over the last few weeks. No trade activity has been reported recently, although the first ship of Desi gram has arrived at Karachi Port. This sluggish demand could indicate market saturation or reduced local consumption at the moment.

In summary, while the Australian Desi gram market is holding strong in India and Bangladesh, with competitive pricing and stable demand, Pakistan shows signs of a quieter market with less activity.