Farm Tender

Faba Bean prices subdued

Information source Farm Trade Australia

This year's production of Faba Beans is estimated to be 600,000 tonnes. The average annual exports is 337,000 tonnes. Egypt takes 75 percent, with competition from Lithuania.

So, with approximately 30,000 tonnes saved for seed, that leaves 230,000 looking for a home.

There are plenty of reports of 3-4 tonne/ha Crops around.

Beans are now cheaper than Field Peas ($300/mt del Kaniva and $305/mt del Rupanyup) (Wimmera) at the time of writing.

It's a good time for Livestock Producers to stock up on a quality feed ration. Price s are likely to be subdued for the foreseeable future.