Lentils Remain Nominally Stronger
PANAMA - Oct 18/24 - SNS -- International lentil markets finished the week's trading on a nominally firmer note, suggesting both exporters and importers are more focussed on short term shipping needs.
Many buyers are surprised that their expectations of significantly lower average prices for green lentils are not being realized.
Available data suggests global output is up 36% over last year at 1.462 million metric tons (MT). Though global trade is expected to increase, residual stocks of green lentils could more than double to 311,000 from the 2024 harvest.
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