Lentil prices stable in Canada amid limited trade

20-Mar-2025 01:45 PM

Key Market Developments

• Initial price softening due to fears of high import duties in India.
• Customs duty imposed at 11%—lower than expected, leading to market stabilization.
• India remains the largest buyer, so Canadian exporters closely track policy shifts.

Challenges for Canadian Lentil Exports

• 11% duty creates some difficulty compared to previous duty-free trade.
• India’s ample stock and incoming domestic crop may slow down import demand.
• Australia’s lentil production declined, giving Canada an export advantage.

Current and Future Pricing Trends

• Small Green Lentils:
  • Current stock: 48-50 cents/lb
  • New crop (Sept-Dec 2025): <40 cents/lb
• Thick Green Lentils:
  • Current stock: 55 cents/lb
  • New crop: 43-44 cents/lb
• Red Lentils:
  • Recent decline: 33-34 cents/lb → 1.32 cents/lb
  • New crop estimate: 27-28 cents/lb
• Strong demand for lentil seeds ahead of upcoming sowing in Canada.