Australian pulse prices plummeted in 2025 due to record global supplies, leaving farmers uncertain.

Australian pulse prices have sharply dropped in 2025, with chickpeas falling to $495 per tonne and lentils to $568–$595/t, less than half last year’s highs, due to record domestic and global supply from strong harvests in Australia, Canada, and India, reducing demand. The rapid decline has left farmers uncertain about selling or storing crops, while faba bean prices fell below $400/t with weak human consumption demand, raising stockfeed use. Canola and barley now offer better returns, and market uncertainty persists with no clear bottom in sight.