TIANJIN: The lentils have entered the inventory clearance stage, the market supply is sporadic, and the price is stable. Due to the small volume, the price has no downtrend for the time being. The market is expected to become active when the new lentil season starts in August 2022. The export market mainly depends on the purchasing power of the Italian market. Most importers are waiting for new lentils to hit the market, while the domestic market has been hit by limited imports and sales. The export volume of the port has dropped by more than 50% year-on-year, and the competitiveness of domestic lentils is not strong. There is a backlog of imported lentils in the domestic market, and there are early stocks. Exporters are looking forward to a recovery in the lentil market in 2022. Farmers are reluctant to sell at low prices, and there is no downward trend in prices. Exporters predict that the market downturn will continue. Be aware of changes in ocean shipping markets and prices.
Current Market Price in China for Small Lentil
Product name | Chinese Small Lentils |
Color | Green |
Quality | Grade A |
Purity | 99.5% |
Package | 25 kg PP bag |
Crop | 2020 |
MOQ | 22 Tons |
Price | Usd 1570-1610/mt |