Monthly export licences
New regulations for exporting red lentils and chickpeas apply in Turkey as of 01 August 2023. The Central Anatolian Exporters' Union will issue monthly export lincences for red lentils and export volumes are restricted to a maximum of 55% of the volumes shipped in the same month in the previous year. In case a company did not exist or did not register any exports last year or in case last year's export volumes ranged lower than 25 mt, the monthly maximum permitted will be 25 mt. This regulation will apply until 01 January 2024.
For red lentils the permitted monthly export volume is based on the three-year average registered in 2020, 2021 and 2022. Volumes exported may not exceed 7.5% of this average. Startups or companies whose three-year average ranges below 15 mt are only permitted to export 15 mt at the most. This regulation will remain in place until 01 November 2023.
Quality worse than anticipated in Canada
The pea harvest is well underway in Canada and the USA. Rayglen Commodities, however, report that the fruits are in different stages of development as some areas received much rain whereas other areas are confronted with drought and drought-like conditions. The prices for the new and last year's crop range on similar levels and largerly depend on type and location.
Growers have also started harvesting lentils. Persistent adverse weather conditions have, however, impacted quality in Alberta and Saskatchewan. While 44% of the crop was initially classified as very good, this figure has now dropped to 29% in Alberta. Ratings have also dropped from 50% to 37% in Saskatchewan. The US is reporting an average crop. Demand for red lentils is rather subdued, but much better for green lentils, which are also fetching higher prices.
- price charts