February 2015

FX is volatile, but that is not a surprise.   Everyone is just dealing with it.
Mostly the gains are going to the farmer and raising their bids while holding CIF Values steady.
There is general consensus in the market that:
Red Lentils are virtually sold out for 2014 crop year
Green Lentils will mostly sell out by May
Acres will increase 5%-15% (mostly in Red)
There will be better quality and normal yields during the 2015 harvest
India will have an average crop and remain a strong importer.
Turkey will have an average crop, but will still be a net importer.
China/India Subcontinent will remain a strong buyer of lentils and peas through 2016.