Chinese Small Lentils: A Demanding Export Market With High Prices
According to our analyst in Tianjin, China, lentil stocks in China have hit rock bottom. The market is heavily dependent on imported lentils to meet the demand for lentils. With the arrival of Chinese New Year, raw material producers went on holiday. Increasing maritime transportation costs caused export costs to increase further. The significant price difference between domestic and foreign lentils makes the export market difficult. It makes supply largely dependent on the domestic market. Organic lentils are sold mainly to the domestic market due to their high prices, with fewer export markets.