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Lentil Grade Spreads May Narrow
WINNIPEG - Sep 1/06 - SNS -- North American lentil markets finished August with a mixed performance against improved domestic stocks and relatively good export demand.
Western Canada's harvest is nearing completion, with processors reporting around 90% of the crop is No 2 or better. Old crop No 1 lentils are being priced as if they were good quality No 2 product and No 2 lentils continue to be segregated into ordinary and 'A' quality.
With most of the crop in the top two grades, some traders are looking for grade spreads to tighten this season.
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