Scarce Stocks and High Prices

Market participants in Tianjin report that Chinese lentil stocks are currently scarce, leading to high prices. This scarcity, coupled with the typically sluggish summer market, has resulted in traders adopting a wait-and-see attitude while actively de-stocking.

Impact of Imported Red Lentils

The backlog of imported red lentils has also impacted the market, contributing to the sluggish domestic lentil market. Some importers are holding off on purchases, waiting for the arrival of new stocks expected in August. This has led to decreased activity and further pressure on prices.

Expectations for the New Season

Looking ahead, traders are optimistic about the new season, anticipating an increase in lentil planting areas and production. This expected boost in supply may help stabilize the market and potentially lower prices.

The current lentil market in China faces challenges with high prices and limited stocks, exacerbated by a backlog of imported red lentils. However, the upcoming season's increased production offers hope for market stabilization and improved conditions for traders and consumers alike.