On-the-Ground Update

Heavy Rains and Floods Affect the Australian Broad Bean Market in W46

Dried Broad Bean
Australia
Sustainability & Environmental Impact
Market & Price Trends
Sean Flanery
Published Nov 17, 2022
In October, the east coast of Australia experienced massive rain events and flooding, creating uncertainty in the market regarding the condition of the upcoming new season pulse crops, starting in W49-W50.
With an increase of USD 50/MT WoW, as the rain continues to fall and potentially destroy new-season crops. In W44, the price for split broad beans CNF KSA went from USD 700/MT to USD 750/MT in W45, and USD 800/MT CNF KSA in W46.
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