Tianjin: According to market research and feedback, the price of organic lentils has started to rise recently, but due to the low market demand, the export market is sluggish and the transaction volume is not large. At the same time, due to the epidemic’s impact, the purchasing power of the market has declined, and the number of domestic high-quality organic lentils entering the domestic high-end market and major supermarkets has decreased significantly year on year.
On the export side, the Italian market, a prominent traditional buyer, saw less demand, with organic lentil prices at US$1.640-1.670 per ton. Foreign importers report that import costs are too high and they are cautious in purchasing. At present, the sea freight rate is declining, which is beneficial to the export market, but it is expected that the export situation will be difficult to change in the short term. Exporters are in trouble, and 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 1640-1670/mt|
|Delivery||20 days after the contract|