Lentils Continue to Ease
PANAMA - Nov 27/20 - SNS -- International lentil markets finished the week's trading on a mostly easier note, reflecting India's absence from red lentil markets and a seasonal slow down in green lentil sales.
Markets are also somewhat nervous about the December 3 final production estimate from Statistics Canada. It is not expected to contain major changes from the September estimate, but there could some surprises if the federal agency also releases a break down by class.
Seeding of India's rabi season lentil crop is making good progress, with the country's agriculture department reporting 1.147 million hectares was planted as of November 27, compared to 1.031 million at this time last year. Total area is on pace to advance from 1.607 to 1.8 million hectares, which could see output increase from 1.18 to 1.43 million MT.
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