Tianjin: According to market participants, lentil prices were high and market sales were slow in late September. As for exports, there are many inquiries but few transactions. Since the demand for organic lentils in foreign markets is declining year by year, it is expected that the price may decrease in the later period. At the same time, exporters expect the Italian market to significantly reduce demand due to the impact of the pandemic.
The current reference price for organic lentils is $1.660-1.700 per ton. The market situation is expected to be difficult to change in the short term. Exporters expect sea freight rates to fall further. Importers continue to watch the changes in the Chinese market.
Current Market Price in China for Organic Small Lentil
| Product Name | Organic small lentil |
| Size | 3.0-4.5 mm |
| Moisture | 15% max |
| Package | 25kg PP bag |
| Purity | 99.5% |
| Loading | 22mt /20GP |
| Fob Dalian | Usd 1660-1700/mt |
| Delivery | 20 days after the contract |