Australia's record pulse harvest fails to boost prices, which stay flat amid global supply surges.

Australian pulse producers are harvesting the country's largest pulse crop on record, but prices remain stagnant at $580–$630 per tonne despite strong yields. Record outputs in chickpeas, lentils, faba beans, and lupins are driving supply concerns, with Australia’s chickpea crop projected at 2.12 million tonnes and lentils at 1.91 million tonnes. Global production is also surging, led by Canada’s expanding stocks and India’s improved domestic harvests, raising fears of renewed import tariffs. Farmers are split on whether to sell immediately or store crops, while analysts warn that demand growth is lagging behind supply, increasing pressure on prices.