Tianjin: Exporters report bottoming out of machine lentil stocks in the Gansu production area. But organic lentil traders are reluctant to sell at low prices because the export market is sluggish and prices have no upward momentum. The European market demand has declined, and domestic high-quality organic lentils have entered the domestic mid-to-high-end market and major supermarkets. The Italian market saw less demand on the export side, with organic lentils at $1.600-1.630 per ton. Foreign importers report that import costs are too high, and they are cautious in purchasing. At present, sea freight is declining, exports are improving, the difficulty of booking space is reduced, and the export situation is difficult to change in the short term. Exporters are in trouble; importers continue to pay attention to changes in the Chinese market.
Current Market Price in China for Organic Small Lentil
|Product Name||Organic small lentil|
|Package||25kg PP bag|
|Fob Dalian||Usd 1600-1630/mt|
|Delivery||20 days after the contract|