Few Changes Despite Tight Stocks
PANAMA - Sep 10/21 - SNS -- North American lentil markets finished the week's trading little changed even though production in the United States will be higher than initially expected because of an increase in estimated seeded area.
Land in lentils was revised 22% upward from initial estimates to 711,000 acres, while the harvested area is expected to end up at 667,000 acres. This compares to 528,000 seeded acres last year, but remains below the recent five year average of 766,200.
Despite the jump in plantings, production is expected to slide from 336,000 to 231,000 metric tons (MT).
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