STAT Communications Ag Market News

Lentils Find Bullish Tone

PANAMA - Oct 30/20 - SNS -- International lentil markets posted a strong performance during the past week against optimism of solid demand from the Indian subcontinent.

Markets had expected import duties to lentils to remain at the lower level until new crop product was available from the coming rabi season harvests, but did not expect the government to simply extend the current reduced import duties.

With the decision, import duties will remain at 30% for U.S. origin lentils and 10% for all other origins until December 31.

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