Red lentil prices strong in Canada amid normal business

27-Feb-2025 01:55 PM

The lentil market in Canada is showing mixed trends. While the price of red lentils is rising, driven by sustained export demand, green lentils are seeing a decline in price.

Currently, red lentils are priced at 36 cents per pound for April-May shipments, which is advantageous for producers, and future crop prices are expected to be around 30-31 cents per pound, further benefiting farmers.

As for green lentils, the market has softened, with Canadian producers looking to sell off older stocks to gather resources for the upcoming sowing season.

Despite this, small green lentils continue to offer the best return on investment, priced at 41 cents per pound. Meanwhile, thick green lentils are priced at 45 cents per pound, and red lentils are at 31 cents per pound.

Looking ahead, the Canadian Department of Agriculture anticipates a slight reduction in lentil production for 2025 compared to 2024, although the area for sowing may increase.

However, the average yield per hectare is expected to decline, which could influence overall production levels.