Mixed Note In Lentils
PANAMA - Dec 20/24 - SNS -- Lentil markets closed entered the final days of the calendar year on a mixed note against seasonally slower trading activity.
Exporters and processors continue to work to cover in shipping commitments through the first half of January, but the pace of buying from growers, especially in North America, has slowed.
There is moderate interest in the final USDA production estimate for 2024. Due for release on January 10, the report is not expected to contain major revisions from the September forecast.
Kabuli Chickpeas Hold Steady
PANAMA - Dec 20/24 - SNS -- Chickpea markets are closing out the marketing year on a somewhat volatile note, with kabuli types holding steady at a moment when desi are weakening.
Easing export pricing for desi chickpeas reflects the virtual completion of the Australian harvest and easing short term demand from that country's exporters because their immediate needs appear well covered.
Kabuli chickpea markets remain well supported by tight stocks of large caliber product in Mexico and some concern about the size of the coming crop in India because of indications rabi season planting progress will not rise significantly over last year.