As the new season of lentils begins harvesting in Tianjin, market feedback indicates a decline in prices. Buyers are actively seeking purchases, but with a smaller planting area and lower production levels this season, there’s a strong expectation that prices may rise in the coming months.

Decline in Prices Amid Early Harvest

Market participants are reporting that the initial stages of the lentil harvest have led to a drop in prices. Currently, FOB (Free on Board) prices for organic lentils from Tianjin and Dalian are ranging between $1,530 and $1,570 per tonne. Conventional lentils are slightly lower, quoted at $1,440 to $1,470 per tonne. This initial price dip has generated interest among buyers, who are looking to capitalize on the early market conditions.

Limited Planting Area and Low Production Expected to Impact Prices

Despite the current price decline, the smaller planting area and lower overall production for this season are critical factors that could influence the market moving forward. With limited supply expected, there is speculation that prices may rise as the season progresses and demand continues to grow.

Market Outlook: Keeping an Eye on Price Trends

As the lentil market continues to develop, all eyes will be on the pricing trends in the coming weeks. The combination of reduced planting and low production suggests that the current price levels may not hold for long, especially as buyers remain active in the market.

A Market in Transition

The new lentil season in Tianjin has started with a drop in prices, but the limited production forecast suggests that this may be a temporary trend. With demand likely to remain strong, and supply constrained, we could see prices rise in the later stages of the season. It’s a market in transition, and one that requires close monitoring as the harvest progresses.

The start of the lentil harvest in Tianjin presents an interesting dynamic. While prices have initially fallen, the limited planting area and low production levels suggest that this is a short-term phenomenon. As demand continues, we should expect prices to rebound. It's a critical time for buyers and sellers alike to stay informed and agile in their decision-making.