Feedback from market participants in Tianjin reveals a challenging landscape for lentil exports, characterized by low volumes domestically and high prices set by traders. Additionally, an inventory backlog of imported red lentils, coupled with declining prices, has contributed to a downturn in the domestic lentil market. Amidst these challenges, traders are eagerly anticipating an increase in lentil planting area and production in the upcoming season.
Export Challenges
The lentil market in Tianjin faces hurdles in export activities, primarily due to low volumes of lentils within China and elevated prices set by traders holding stock. This combination creates a challenging environment for exporters, impacting market dynamics and trade flows.
Impact of Imported Inventory Backlog
An inventory backlog of imported red lentils further complicates the market landscape, exerting downward pressure on prices. The influx of imported lentils at lower prices disrupts the equilibrium, leading to a decline in domestic lentil prices and market sentiment.
Anticipation of Increased Planting
To address current market challenges, traders are pinning their hopes on an anticipated increase in lentil planting area and production in the upcoming season. This strategic shift aims to bolster domestic supply, alleviate pricing pressures, and restore market equilibrium.
Current Market Price
Amidst these developments, the current market price for small lentils in China serves as a crucial benchmark for market participants. Tracking this price point provides insights into prevailing market conditions and guides decision-making processes amidst uncertainty.
The lentil market in Tianjin grapples with export challenges, inventory backlogs, and pricing pressures. As stakeholders navigate through these complexities, the prospect of increased planting in the upcoming season offers a glimmer of hope for market stabilization and recovery. Monitoring market dynamics and adjusting strategies accordingly will be essential for navigating the evolving landscape effectively.
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 | 2023 |
| MOQ | 22 Tons |
| Conv. FOB Tianjin | USD 1950-1980/mt – EURO 1818-1846/mt |
| Organic. FOB Tianjin | USD 2070-2100/mt – EURO 1930-1958/mt |
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