AHEAD LIMITED

ABOUT AHEAD LIMITED

Australian bean crops are heading towards harvest. Crop areas are significantly down on the records of 2016, so the bumper supplies that came to the human consumption market over the last 12 months can be expected to decrease. As we publish the southern states of Australia stand in anticipation of potentially huge rainfall event that could significantly harm harvest in the productive south eastern region

There are currently few if any buyers, making trying to put a price on human consumption field beans a theoretical exercise. Traders are generally pessimistic about finding additional volumes of good quality in the UK to make up bulk boat exports, and no new boats are scheduled.

The Sudanese market for containerised product is still active and enthusiastic but the window is closing rapidly as all cargos must be cleared on arrival by mid-February. Considerable logistical issues have been encountered at the port of destination making shippers reluctant to continue for much longer.

. Producers who have retained quality will be enjoying an increase in values as the market strengthens. In turn, the reduced availability of quality product in the market is having a positive impact on contract prices going forwards.