STAT Communications Ag Market News

Lentils Maintain Firm Tone

PANAMA - Jul 9/21 - SNS -- North American lentil markets finished the week's trading on a firmer note, helped by continued strong export movement and worries about crop conditions in key growing areas.

Markets remain hopeful the Indian government will reduce import duties because of continued doubts about the size of the rabi season harvest. But government actions have so far targeted dry edible beans and more restrictions on stocks that can be held by importers, millers and warehouses.

Green lentil exporters are paying attention to seeding progress for this summer's kharif crop. Progress so far is below the long term average, but well ahead of the delayed seeding experienced in 2019.

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