STAT Communications Ag Market News

Lentils Advance on Good Demand

PANAMA - Feb 19/21 - SNS -- Lentil markets strengthened during the past week on good export movement and short covering by shippers.

At the same time, thoughts India will remain a significant destination are being bolstered by the fact less land than hoped was planted to the crop in India this year, while traders in the country say late season damage to maturing kharif season tur or pigeon pea crops will result in a significant reduction in output from initial forecasts.

Doubts about yields are reflected in spot values for pigeon peas in India. In some states, prices paid to growers have risen above the minimum support price (MSP) of around U.S. $810 per metric ton (MT) for farmers dressed product delivered to local government buyers.

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