Pulse & Grain Market Update – Australia (21/03/2025)

22-Mar-2025 03:41 PM

Pulse & Grain Market Update – Australia (21/03/2025)
Peas
★ Tensions between China and Canada have pushed up pea prices in other markets. Kaspa peas are trading at U$530/MT CFR Tianjin.
★ Russian yellow peas are being quoted at U$415–420/MT CFR China.
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Mung Beans
★ Demand for mung beans in China remains weak; no offers from Australia this week.
★ Myanmar mung beans are quoted at U$985/MT CFR China, but buyers show interest only at U$920–940/MT.
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Wheat
★ Limited demand for Australian wheat in Southeast Asia.
★ Container offers for APW at U$280/MT CFR, and bulk AH2 wheat at around U$285/MT CFR.
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Pakistan
Chickpeas
★ Due to Ramadan, demand for Australian red lentils and desi chickpeas is slow.
★ CHK1 quoted at U$715–720/MT CFR Karachi (June), while bids are around U$700/MT.
★ Red lentils at U$670/MT CFR Karachi, desi chickpeas around U$610/MT.
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India
★ Trade activity is low for Australian red lentils and desi chickpeas.
★ N1P1/HAL1 offers at U$670/MT CFR Kolkata (March/April).
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Bangladesh
★ No current trade activity for Australian red lentils or desi chickpeas.
★ Previous trade for N1P1/HAL1 was at U$660/MT CFR Chattogram (March/April).