Short Term Easing in Lentils
PANAMA - Jun 4/21 - SNS -- Lentil markets were somewhat easier during the past week against slowing sales and worries that India has yet to announce any changes to import duties for lentils.
Last year's announcement that import duties would be slashed from 30% to 10% for lentils originating from countries other than the United States came on June 3.
Similar to last year, traders in India think the lentil harvest is under one million metric tons (MT), while the government's third advance estimate pegged the 2020 crop at 1.44 million. In the end it was reduced to 1.1 million MT.
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