Lentil prices stable in Canada due to normal sowing and limited trade

16-May-2025 12:38 PM

Saskatoon. In Saskatchewan, Canada’s leading agricultural province, lentil sowing is progressing normally, but limited interest from traders and exporters in current stock and upcoming crops has created a stable pricing environment.

In the Saskatchewan markets, trade in thick green and small green lentils remains minimal, though some activity is noted in red lentils.

The price of thick green lentils is 45–47 cents per pound, small green lentils are priced at 40–42 cents, and red lentils are trading at 33 cents per pound.

As of May 5, 2025, lentil sowing had been completed in 34 percent of the designated area in Saskatchewan, a figure that has likely surpassed 50 percent by now. Sowing is proceeding at a normal pace, supported by generally favorable weather.

Market conditions are under close observation. India has imposed a 10 percent basic import duty on lentils, which is not seen as a significant obstacle for Canadian exporters.

While lentil production in Australia has dropped sharply this season, Canada is experiencing a good yield. Market attention is now shifting to the upcoming crop.

However, there has been little movement in terms of forward contracts for new crop purchases. Advance contracts for red lentils and thick green lentils are notably lower compared to last year, though contracts for small green lentils are roughly on par.

Buyers appear to be waiting for sowing to conclude before making major commitments. Some trade is taking place in edible lentils.

The new crop is expected to reach the markets between August and September, with buyers likely to focus on securing advance contracts during June and July. Canada continues to be the world’s largest producer and exporter of lentils.