Lentil production increased in Canada: AAFC

20-Dec-2024 09:39 AM

Lentil production increased in Canada: AAFC
Canada (According to AAFC):
Production:
Lentil production rose by 35% to 24 lakh tonnes in 2024-25 from the previous year.
Breakdown:
Green lentils: 4.5 lakh tonnes
Red lentils: 17 lakh tonnes
Other varieties: 2.5 lakh tonnes
Availability: Increased 28%, restrained by weak carryover stocks.
Exports: Expected to reach 21 lakh tonnes, with India and Turkey being key buyers.
Pricing: Average price dropped 12% to CAD 885 per tonne.
Stock: High stocks likely by the season’s end due to increased production.
United States (According to USDA):
Sowing Area: Lentil sowing surged by 71% in 2024-25, reaching 3.8 lakh hectares.
Production: Projected at 4.3 lakh tonnes, a 66% increase from 2023-24.
These developments highlight a robust increase in lentil production and international demand, with implications for market prices and stock management.