Late-Season Lentil Quality Drops in China
The late harvest of lentils in Tianjin China has been impacted by rainy weather, leading to lower quality compared to earlier batches. While market activity is slower than anticipated, experts suggest that prices could stabilize in the short term, with potential for increases as the season progresses.
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Lower Lentil Quality Affects Market Activity
According to market participants, the quality of late-season lentils has suffered due to excessive rainfall. This weather has led to a significant decline in the quality of lentils harvested in recent weeks, making them less desirable compared to earlier batches. As a result, the market has seen an increase in inquiries but fewer actual transactions, with traders hesitant to commit to larger purchases.Current Lentil Prices in Tianjin and Dalian
Despite the dip in market activity, lentil prices have remained relatively stable. The current FOB price for organic lentils in Tianjin and Dalian ranges from EURO 1408-1435/mt, while conventional lentils are priced slightly lower at EURO 1353-1381/mt. These prices reflect the ongoing market uncertainty and weather-related challenges.Price Outlook: Potential Increase Later in the Season
As the market absorbs the current stock of late-season lentils, prices are expected to stabilize in the short term. However, market experts anticipate that prices may rise as the season progresses, especially if demand picks up and supplies of higher-quality lentils become more limited.Lentil Market Faces Uncertain Times
With quality issues and a slower-than-expected market, the lentil sector in Tianjin and Dalian is facing a challenging period. While current prices remain stable, traders and buyers should stay tuned for potential price increases later in the season as demand and supply dynamics shift.Click here to reach our trading platfrom CMBroker