Reduced Plantings and Rising Prices

In recent years, Chinese lentil plantings have declined, resulting in year-on-year price increases. Despite these challenges, Chinese lentils remain popular with foreign canneries, according to market participants.

Tough Export Market

The export market for Chinese lentils has been challenging. High-quality lentils are scarce in production areas, and the export market has stopped offering prices. This scarcity has contributed to the difficulties faced by exporters.

New Season Lentils Expected Soon

The new season lentils are expected to be available at the end of August. However, predicting prices at this stage remains difficult due to the current market uncertainties and the limited supply of high-quality lentils.

The decline in Chinese lentil plantings and the subsequent rise in prices highlight the volatility of the agricultural market. As the new season approaches, stakeholders will need to closely monitor market conditions and demand to navigate the uncertainties. Ensuring a steady supply of high-quality lentils will be crucial for maintaining China's position in the global export market.