Confusion continues in Canada's lentil market

20-Aug-2024 06:24 PM

Toronto. On one hand, preparations for harvesting the new lentil crop are going on in full swing in both the major producing provinces of Canada - Saskatchewan and Alberta, on the other hand, there is a possibility of an indefinite strike by railway workers from August 22.

Due to this, producers and exporters are stuck in a dilemma. Exporters feel that if the pulses purchased from the producers are not transported to the ports before the strike begins, then difficulties may increase and a crisis of its storage may arise.

Canada is the world's largest producer and exporter of lentils. There are chances of better lentil production this time due to increase in sowing area and favorable weather conditions to a great extent.

Clear weather in both the major producing provinces is helping farmers to keep the pace of harvesting fast, but if it is not sold quickly, then there may be a problem in keeping its stock safe.

It will also be necessary to see that if the strike of railway workers happens, then for how long will it continue. If the government succeeds in ending the strike soon,

then the producers-exporters will not face much trouble, but if the duration of the strike is prolonged, the situation can worsen. Canada does not have to face a serious challenge from Australia in August-September because the arrival of new crops there starts in October-November.

Although there is competition from Russia and America during this time, but it is less tough than Australia.

If there is a hindrance in export, the pressure on the price of lentils in Canada can increase. Although lentil consignments can be transported from the production centers to the ports through trucks, but this will take more time and cost and this can reduce the exporters' profits.