Lentil sowing area expected to increase in major producing countries
04-Feb-2025 05:12 PM
Lentil sowing area is expected to rise in major producing countries like Canada, Australia, and Russia in 2025 due to steady demand and strong prices for both red and green lentils. Here's a breakdown of recent developments in the lentil market:
Canada's Increased Production: Canada's lentil production saw a significant rise, reaching 24.3 lakh tonnes in 2024, a 35% increase from 18 lakh tonnes in 2023. This marks a recovery from previous years, but still below the 2020 peak of 29 lakh tonnes. With improved stocks, Canada's total lentil availability for the 2024-25 marketing season is estimated to rise by 33% to 27 lakh tonnes, the highest since 2020-21.
Export Growth: Canada has experienced a strong export demand, particularly to Turkey and the UAE. In the August-October 2024 period, exports rose by 21%, reaching 5.81 lakh tonnes. Despite expectations of price weakness due to increased production, the market has remained resilient, supported by reduced production in Australia.
Global Market Trends: The global demand for lentils has been growing steadily since 2018, with total global consumption expected to reach 6.7 million tonnes in 2024. Australia, despite a rise in lentil availability between 2019 and 2022, has not faced challenges in exports, highlighting continued robust international demand.
Overall, the positive outlook for lentil demand and production suggests that 2025 will see expanded cultivation in key countries, further supporting the global market.