News

Richard Dalian

Oct 9, 2024

Tianjin Lentil Market Faces Sluggish Demand Amid Reduced Planting and Low Yields

Tianjin Lentil Market Faces Sluggish Demand Amid Reduced Planting and Low Yields

The lentil market in Tianjin - China has not seen the expected level of activity following the new season's listing. Despite numerous inquiries, actual transactions remain limited. Market participants are watching closely as prices are expected to stabilize in the short term, but a reduced planting area and low yields in recent years could cause prices to rise in the coming months.

Limited Transactions Despite High Inquiries

Market feedback indicates that while there is significant interest in lentils, the number of actual transactions has been lower than anticipated. This trend reflects a cautious approach from buyers, even as lentil stocks are projected to become scarce after the Spring Festival.

Price Projections and Current Rates

As it stands, lentil prices are expected to stabilize in the short term, but supply shortages could lead to a price increase in the future. Currently, the FOB price for organic lentils in Tianjin and Dalian ranges between EURO 1368-1405 per ton, while the price for conventional lentils stands at EURO 1304-1322 per ton.

Factors Influencing Price Movements

The primary drivers behind potential price increases include a reduced planting area for lentils in recent years and lower yields, which are already leading to tighter stocks. Market analysts predict that this shortage could result in higher prices as demand outstrips supply after the Spring Festival.

The Tianjin lentil market remains in a wait-and-see phase, with fewer transactions despite a high volume of inquiries. As stocks become scarcer and planting areas continue to shrink, the market is expected to experience price hikes in the coming months. Traders and buyers are advised to monitor price movements closely.

Current Market Price in China for Small Lentil





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Product Name Chinese Small Lentils
ColorGreen
QualityGrade A
Purity99.5%
Package25 kg PP bag
Crop2023
MOQ22 Tons
Conv. FOB TianjinUSD 1430-1460/mt - EURO 1304-1322/mt
Organic. FOB TianjinUSD 1500-1540/mt - EURO 1368-1405/mt
Delivery20 Days after the contract
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