Small Kabuli Market Challenged
PANAMA - Dec 15/17 - SNS -- Kabuli chickpea markets finished the week's trading on an uncertain note, with markets for small caliber product destabilized by an increase in the number of Argentine farmers bypassing traditional exporters.
Markets for large caliber product were unchanged on the week, with Mexico virtually sold out of product and Indian exporters holding firm on prices for 10mmm and larger caliber kabuli chickpeas.
Mexican exporters remain unwilling to offer new crop product after suffering losses on early sales last year. At this time last year, exporters starting selling around U.S. $1400 MT for 12mm chickpeas, but were forced to cover those short positions at a loss by the time the country's harvest got underway.
Mixed Finish in Lentils
PANAMA - Dec 15/17 - SNS -- International lentil markets finished the week on a mixed note, with prices for red little changed on the week, while the spread between U.S. and Canadian green lentils widened.
Red lentil markets remain concerned that India could impose an import duty on the product given the risk that seeded area in India could match or exceed last year.
Though the pace of seeding has slowed compared to last year, farmers in that country have sown 1.553 million hectares as of December 15, compared to 1.526 million at this time during the previous rabi season.
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