Tianjin: Exporters feedback that new organic lentils will be launched one after another at the end of August. The origin began to receive inquiries from traders one after another, and Italian importers gradually began to inquire about the listing of new products.
According to the feedback from the origin, there was a phenomenon of production reduction. New products cannot be quoted at present, and importers and traders pay attention to the price and quality of new products every day. If the reduction in production is serious, there will be a phenomenon of panic buying when new products come down, causing prices to rise because China’s lentils have a small planting area, low yield, and good quality, which are popular in the European and American markets. This week, the export price of old crop organic lentils produced in 2020 is FOB Dalian or Tianjin at US$1,180/ton.
Current Market Price in China for organic small lentil
|Product Name||Organic small lentil|
|Package||25kg PP bag|
|Fob Dalian||Usd 1180/mt|
|Delivery||20 days after the contract|
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