STAT Communications Ag Market News

Red Lentils Nervous, Greens Firm

PANAMA - Dec 9/22 - SNS -- International red lentil markets finished the week's trading on a nervous note, while greens maintained their strength in the face of smaller than hoped harvests in North America.

In its latest crop production estimates, ABARES pegged the Australia harvest at 1.053 million metric ons (MT), up from its September projection of a 924,000 MT crop.

Heading into the report, there were expectations output would be less than forecast in September. However, commenting on growing conditions, ABARES said, "Crop prospects in Western Australia and South Australia benefitted the most from spring conditions, with total production in both states forecast to reach new record levels.

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