Lentil prices in Canada remain stable amid normal trading

19-Feb-2026 01:17 PM

Saskatoon. Lentil prices are experiencing a significant degree of stability this week, driven by normal trading conditions in Western Canadian markets, supported by comfortable supply and availability.

The FOB price of red lentils remains stable at 25 cents per pound, while the price of thick green lentils has softened slightly to 24-26 cents per pound. As a result, the price difference between red and green lentils has virtually eliminated, which could encourage Canadian farmers to prioritize red lentil cultivation over green lentils.

However, lentils are not being traded significantly at this price level. Green lentil stocks in Canada are low, while high red lentil prices are impacting their purchases. Lentil sowing is scheduled to begin in April, and producers are preparing for the harvest.

Supplier countries like Australia, Russia, and Kazakhstan have significant lentil stocks. The United States also has exportable stocks, while in India, preparations for harvesting the new lentil crop will begin in earnest in the next two to three weeks.

In Saskatchewan, the price of small green lentils has fallen to 18-20 cents per pound, but they still aren't seeing strong trading. Forward contracts for the next crop have begun, but prices remain subdued. Canada needs to accelerate lentil exports to reduce large stocks.