India imports 1.11 lakh tonnes of lentils from Canada in February

04-Apr-2025 02:14 PM

India’s Lentil Imports from Canada Surge 🚢📈

📊 Key Highlights:
🔹 Canada’s lentil exports soared 70% in February compared to January.
🔹 India was the top buyer, importing 1.11 lakh tonnes.
🔹 Total Canadian lentil exports (Aug-Feb 2025): 14.39 lakh tonnes (vs. 10.72 lakh tonnes in the previous season).
🔹 Reason for the surge: Better lentil production in Canada after last season’s weather challenges.

India’s Domestic Scenario 🌾

✅ New lentil crop arrivals are strong in India.
✅ Prices are slightly below the government’s Minimum Support Price (MSP) of ₹6700/quintal.
✅ The Indian government is buying 100% of marketable lentil produce from farmers.
✅ Australia’s lentil stock is running low, affecting its exports.

Impact of India’s Import Duty 🚨

🔸 India has imposed an 11% import duty on lentils, but analysts believe this won’t significantly affect imports.