Notwithstanding the pain incurred by exporters/farmers from the recent Indian tariffs, Australian farmers have every reason to retain confidence in growing pulses, according to Pulse Australia chairman, Ron Storey.
Rob Brealey, COFCO’s senior chickpea trader talks this week about a sudden rise in chickpea prices, amid markets wrought by politics and rumour, supply and demand.
Narrow row spacing and early canopy closure in summer legumes are resulting in lower weed biomass and higher crop yields.
Two companies owned by pulse processor and marketer Blue Ribbon Group (BRG) have gone into liquidation owing an estimated $11.6 million, including $3.9m to major secured creditor, the Commonwealth Bank of Australia.
Deliveries to South Australia’s bulk handler, Viterra, hit 3.5 million tonnes (Mt) on Monday while progress in Queensland, NSW and Victoria has seen GrainCorp’s harvest total to yesterday reach 3.86Mt.
What’s behind the tumble in pulse prices – especially for chickpeas – in a year when Australian crops are mediocre and full of quality issues?
Unharvested wheat and barley in Victoria, southern NSW and eastern South Australia will struggle to make premium grades following an unwelcome 25-100 millimetres of rain and more in places over Friday and Saturday.
Although demand for lentils is flat at present, the adoption of new varieties and farm practices outweigh the minuses over the long term.
The Indian Government’s introduction of a 50 per cent tariff on peas has created waves of uncertainty for major exporters, including Australia which supplies this key global pulse market.
Pulses processor AGT Foods Australia was last night named the winner of the Premier of Queensland’s 2017 Export Awards in the agribusiness category.