Tianjin, China – Recent feedback from market participants indicates that Chinese lentil stocks are scarce, and prices remain high, contributing to a sluggish market during the summer months. Domestic stockholders are holding out for high prices, while traders are selling sporadically.
Scarcity of Lentil Stocks
High Prices and Low Activity
Chinese lentil stocks are reported to be low, leading to high prices that are difficult for buyers to accept. The market has been sluggish, with limited transactions as domestic stockholders wait for favorable prices.
Importers Await New Cargoes
Some importers are holding off on purchasing until the arrival of new lentil cargoes in August. This delay, coupled with the backlog of previously imported red lentil stocks and their lower prices, has negatively impacted the current market.
Market Dynamics and Future Expectations
Impact of Backlog and Low Prices
The backlog of imported red lentil stocks from earlier periods, available at lower prices, has influenced the domestic market, resulting in reduced market activity and sluggish demand.
Anticipated Increase in Planting Area and Production
Traders are optimistic about the new season, expecting an increase in lentil planting areas and production. This anticipated rise in supply could help stabilize the market and potentially bring prices down.
Factors Influencing Lentil Prices
Stock Levels: Current scarcity of lentil stocks is driving prices up. Monitoring stock levels and new cargo arrivals will be crucial for future price trends.
Market Activity: Limited transactions and sporadic sales are keeping the market sluggish. Increased activity from importers and traders could shift this dynamic.
Backlog of Imports: The impact of previously imported, lower-priced red lentil stocks is affecting current market prices. Clearing this backlog may stabilize prices.
Future Production: The expected increase in lentil planting areas and production in the new season could lead to greater supply, potentially lowering prices.
By keeping an eye on these factors, market participants can better navigate the fluctuating lentil market in Tianjin.
Product Name |
Chinese Small Lentils |
| Color | Green |
| Quality | Grade A |
| Purity | 99.5% |
| Package | 25 kg PP bag |
| Crop | 2023 |
| MOQ | 22 Tons |
| Conv. FOB Tianjin | USD 2050-2080/mt – EURO 1895-1923/mt |
| Organic. FOB Tianjin | USD 2140-2170/mt – EURO 1978-2006/mt |