Australia Pulses Market

13-Dec-2024 10:04 AM

Australia Pulses Market
Analysis of the Lentil Market and Its Impact on Indian Markets
Key Points from the Australian Market:
Minimal Weather Impact: The lentil crop escaped significant damage from rains as most of the harvesting was completed beforehand.
Price Trends:
Nipper variety lentil trading at $870/ton.
Delivered Jumbo lentil trading at $920/ton, a $30/ton increase since mid-November.
Competition: Australia faces stiff competition from Canadian lentil exports, which impacts market share.
Inventory and Exports:
30-40% of the Australian lentil crop has been sold; the remainder is in storage.
Exports to Sri Lanka and Bangladesh are increasing, reflecting strong regional demand.
Impact on Indian Markets:
Current Import Trends:
Lentil imports from Canada and Australia are ongoing but at lower levels compared to the previous year, when record quantities were imported.
Sufficient stock from last year continues to influence the market.
Domestic Factors:
The Indian government holds a limited lentil stock, but current sowing levels are comparable to last year, indicating stable production.
Domestic availability is bolstered by past imports and ongoing sowing.
Price Outlook:
With ample supply and ongoing imports, there is no likelihood of a price increase in the near term.
Traders are advised to avoid a bullish sentiment as prices are expected to remain stable or subdued.
Conclusion:
The Indian lentil market is well-stocked, supported by imports and domestic production. Despite rising Australian lentil prices and reduced import volumes compared to last year, the overall availability remains robust, ensuring price stability. For Indian traders, caution is recommended as there are no immediate bullish trends anticipated in lentil prices.