Lentils Transition to New Crop
PANAMA - Jul 24/16 - SNS -- International lentil markets are making the transition into new crop pricing basis as the 2015-16 marketing year draws to a close and this year's harvest begins in the earliest sown fields.
This is most obvious in Canada, where spot and new crop grower bids merged during the past week. There are instances of higher spot bids, but those are not reflective of current market conditions and would be expected to disappear before the harvest becomes general.
Even so, current values remain relatively strong. This is a reflection of worries about the timing of the harvest and the quality of the crop. While yields are expected to excellent, quality is expected to be below average because of disease and moisture stress.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
