Quality Lentil Shortage

Exporters in Tianjin report a significant scarcity of quality lentils in lentil-producing areas. As a result, traders have halted their collection efforts, anticipating new cargoes in August.

Awaiting New Season Cargoes

Foreign importers are currently waiting for new season lentils to arrive. However, predicting the price of these new season lentils remains uncertain. This uncertainty has led domestic traders to adopt a wait-and-see approach.

Low Stock Levels

Stocks of imported lentils are nearing depletion, adding to the market's cautious stance. Buyers are hopeful that prices for the new season lentils will fall. If prices do not drop, the influx of imported red lentils could further depress market prices, perpetuating the current downturn in the domestic lentil market

The scarcity of quality lentils and the uncertainty surrounding new season prices highlight the volatility in the lentil market. Stakeholders should closely monitor stock levels and upcoming cargo arrivals to make informed decisions. The market's response to new season prices will be crucial in determining future trends and stability.