STAT Communications Ag Market News

Underlying Softness in Lentils

PANAMA - Oct 20/17 - SNS -- International lentil markets continued to soften during the past week as supplies available from exporters and growers remain ahead of the short term needs of buyers.

The North American harvest is complete and Canadian quality is considered excellent, increasing competition for demand from markets which insist on good No 1 and No 2 grade product.

However, overall export movement feels sluggish compared to recent years, resulting in greater competition. This has seen some companies lower the minimum quantity they will sell from three bagged or four bulk to one container of bagged of bulk product.

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