Australia’s current chickpea harvest is expected to produce less than 200,000 tonnes, down 100,000t on Pulse Australia’s most recent estimate from early August, and is meeting limited export demand at present.
JK International has bought the Wondai plant previously owned by Blue Ribbon Seeds, and the Champion Seeds plant at Millmerran, as its first investment in pulse and seed processing in regional Queensland.
Australian exports of chickpeas continued at lacklustre levels in August, and growers are now focused on harvesting and storing ahead of a lift in demand expected from Pakistani buying ahead of Ramadan in May.
Australia’s winter-crop harvest is under way in Central Queensland amid uncertain prospects for yields which highlight lack of moisture and frost damage in many areas.
July shipments of Australian chickpeas have continued at lacklustre levels, with Pakistan the only bulk market, according to the latest Australian Bureau of Statistics (ABS) export data.
Australia’s total winter-crop production is forecast to drop 12 per cent nationally to 33.2 million tonnes (Mt), with production declines forecast in all eastern states, according to ABARES’ latest periodic Australian crop report.
A much-anticipated rainfall event has halted a slide in yield prospects for some winter crops in northern New South Wales and Queensland, and clipped the premium from the drought feed market as traders shore up positions.
New research by the New South Wales Department of Primary Industries (DPI) aims to identify chickpea lines which will tolerate cool temperatures, potentially adding up to $81 million in value each year to the northern grains region.
Chickpea prices have rallied to a new high for old and new-crop of $800 per tonne, and more in places, delivered packer, but grower selling has been limited in the face of production concerns.
Australian Bureau of Statistics export data says Australia exported 25,142t of chickpeas in June, down 40 per cent from the May figure to a new low of recent times.