Tianjin and Dalian See Scarcity in Quality Lentils, Prices Expected to Climb Further

Exporters in Tianjin and Dalian are reporting a scarcity of high-quality, export-grade lentils, leading to a noticeable rise in prices. Despite the arrival of the new season's lentils, market activity has been lower than anticipated, with many inquiries but fewer actual transactions. This imbalance in supply and demand suggests that while prices are expected to stabilize in the short term, a further price increase is likely in the coming weeks.

Market Overview: Lentil Prices on the Rise

As of this week, the FOB price for organic lentils in Tianjin and Dalian stands at $1,540-1,570 per ton, while conventional lentils are priced slightly lower at $1,480-1,510 per ton. Exporters are observing strong inquiry volumes but limited purchasing activity, which has resulted in more volatility than usual. With supply constraints and heightened demand for quality lentils, the market is closely watching price developments.

What’s Behind the Price Surge?

The main driver behind the price increase is the limited availability of high-quality lentils for export. Although the new harvest has arrived, it hasn't been sufficient to meet the market's demand. This shortage is compounded by cautious buyer behavior, as many are holding off on purchases in hopes of a more active market in the near future.

Outlook: Prices Likely to Continue Rising

While lentil prices may stabilize in the short term, current market conditions suggest further price increases are likely as demand continues to outpace supply. Exporters and buyers alike should be prepared for more fluctuations in the coming weeks, particularly if the quality of available lentils remains low and supply continues to be scarce.





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