Mixed Week For Lentils
PANAMA - Apr 26/24 - SNS -- North American lentil markets remained mixed during the past week even though product available from growers fremains low relative to the prospective needs of the market.
This was more true for red than green lentils, with the result nominal spreads between the two classes narrowed during the past week against limited easing in greens and moderate strength in reds.
Markets are less certain about the depth of demand from India than was the case six months ago because of that country's decision to allow duty free imports of peas during the first half of the current calendar year.
Chickpeas Steady, But Hopeful
PANAMA - Apr 26/24 - SNS -- Chickpea markets were relatively steady in seasonally light trade during the past week.
Some fill in activity was reported in among net exporters in order to cover immediate shipping commitments.
Interestingly, there is persistent speculation that India may ease import tariffs on chickpeas. The idea is fueled by India's efforts to facilutate imports of peas and lentils.