Lentils prices almost stable in Canada due to weak demand

28-Mar-2025 05:09 PM

📉 Canadian Lentil Prices Stabilize Amid Weak Demand

📍 Regina, Canada – Lentil prices in Western Canada have stabilized as export demand weakens. Advance contracts for the upcoming new crop are being signed at lower prices.

📊 Current Lentil Prices (FOB Basis)

🔹 Thick Green Lentils → 52-53 cents/lb
🔹 Small Green Lentils → 46-47 cents/lb
🔹 Red Lentils → ~30 cents/lb

📉 New Crop Contract Prices

🔸 Thick Green Lentils → ~45 cents/lb
🔸 Small Green Lentils → ~38 cents/lb
🔸 Red Lentils → 27-28 cents/lb
📅 Delivery Period: September–December 2025

🌾 Global Lentil Market Trends

✔ Canada → Sowing starts next month, harvest begins in August.
✔ India → 11% import duty on lentils from April 1.
✔ Australia → Low exportable stock, poor weather for new crops.
✔ Türkiye → New lentil harvest expected in 1-2 months.

🇮🇳 Indian Market Outlook

✅ New lentil arrivals pushing prices lower.
✅ Government procurement of 9.40 lakh tonnes at ₹6,700/quintal MSP.
✅ Better domestic production expected.