Mung­beans pow­ered through ad­verse con­di­tions last sea­son

Warwick Daily News - South West Queensland Rural Weekly - - Advertisement - by Cindy Ben­jamin

STRONG DE­MAND AND SOLID pric­ing sup­ported Aus­tralian mung­bean grow­ers through a roller coaster sea­son in 2017–18, which has ended on a pos­i­tive note with all stocks now sold. Over­all, ton­nage was down due to an un­der­whelm­ing spring crop, and patchy rain in Jan­uary caused many grow­ers to hes­i­tate over plant­ing. Buy­ers in the Philip­pines and Sri Lanka took ad­van­tage of lower prices for the lower qual­ity grain pro­duced from spring crops, along with car­ry­over stock, as a re­sult of In­dia’s ab­sence from the mar­ket­place. There was a dis­tinct lift in yields, seed size and over­all grain qual­ity in the sum­mer crops, par­tic­u­larly from the Dar­ling Downs. Aus­tralian Mung­bean As­so­ci­a­tion vi­cepres­i­dent and Aus­tralian Choice Ex­ports mar­keter, James Hunt said grain sam­ples sent to buy­ers in China ig­nited huge in­ter­est in the Aus­tralian prod­uct and re­sulted in prices quickly ris­ing from around $800/t to $1200/t. “China con­tin­ued to take Aus­tralian mung­beans at around this price through to early July, at which time In­dia re­leased li­cences to im­port 150,000 t of mung­beans,” he said. “This gave Aus­tralian mar­keters the op­por­tu­nity to liq­ui­date re­main­ing stocks at rea­son­able prices through to the end of Au­gust.” Mr Hunt said this means that the 60 to 70 thou­sand tonnes ex­ported has ex­hausted sup­plies and buy­ers will be keen to ac­cess new sea­son mung­beans in the com­ing sea­son. “Over­seas buy­ers have had an­other pos­i­tive ex­pe­ri­ence with Aus­tralian green mung­bean and the in­dus­try will be in prime po­si­tion to han­dle a larger crop know­ing that there will be plenty of buy­ers for our pre­mium prod­uct,” he said. Early in­di­ca­tions are that Aus­tralian $800–900/t grow­ers for man­u­fac­tur­ing could ex­pect grade and $900–1000/t for pro­cess­ing grade mung­beans, mak­ing the crop an at­trac­tive propo­si­tion for grow­ers to utilise spring and sum­mer rain af­ter a very dry win­ter crop­ping sea­son for many. More in­for­ma­tion: www.mung­bean.org.au

Aus­tralian Mung­bean As­so­ci­a­tion vice-pres­i­dent and Aus­tralian Choice Ex­ports mar­keter, James Hunt (cen­tre) with Steve Fo­ran (left), Agri­foods Aus­tralia and a Chi­nese buyer (right) in­spect­ing high qual­ity Aus­tralian green mung­bean ready for ex­port.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.