SASKATOON — Canada’s top competitor in the red lentil export market is experiencing problems. AgPulse Analytica is reporting that the crop is in trouble in two key states of Australia — South Australia and Victoria. Related stories: Pulse Weekly: Lentil prices poised for drop, depends on India Canada takes reins after poor Aussie lentil crop […] Read more
Tag Archives Gaurav Jain
Indian monsoon delivers
Good rain bodes well for pigeon pea crop, which may hurt demand for lentils
SASKATOON — India’s Southwest Monsoon really delivered this year. Seasonal cumulative rainfall for the June 1 through Sept. 30 period was eight per cent above the 50-year average, according to the India Meteorological Department. Central India received 19 per cent more than normal, while the South Peninsula was 14 per cent above average. The country […] Read more
Red lentil crops might be getting smaller
There could be upside in red lentil markets, says an analyst. “I can see more of the bullish factors rather than the bearish news,” AgPulse Analytica analyst Gaurav Jain said at the Global Pulse Confederation’s (GPC’s) recent Macau Pulses Congress. Related stories: The market has already factored in big crops from Canada and Australia, so […] Read more
Major pulse competitor may face trouble with pea crop
While dry conditions worry Russia's pea growers, the country prepares to become a major threat in global lentil markets
SASKATOON — There are some early-season problems with Russia’s yellow pea crop, according to analysts. “Because of frost and low precipitation in southern regions, conditions are far from brilliant,” Sergey Pluzhnikov, chief executive officer of Russian Pulses Analytics, said in a text message. Related stories: There are also problems in Siberia. Chickpeas and lentils have […] Read more
India extends pea duty exemption to end of October
Analysts uncertain as to whether the move was announced early enough to affect Canadian producers' seeding plans
SASKATOON — India has extended the elimination of its import duty on yellow peas through the end of October. Exporters can now load yellow peas until Oct. 31 instead of June 30, which means some of Canada’s new crop peas can now move to that market duty-free. Related stories: AgPulse Analytica analyst Gaurav Jain said […] Read more
India extends exemption on pea import restrictions
The southwest monsoon is expected to deliver good rainfall this year
SASKATOON — India is extending its exemption on pea import restrictions to June 30. It had been set to expire on April 30. Farmers in that country are in the midst of harvesting their winter or rabi crop of pulses and it looks like another disappointing crop. The government estimates that growers will harvest 12.2 […] Read more
Red lentil prices expected to rise
SASKATOON — Old crop red lentil prices have bottomed out and should be heading higher as new crop seeding approaches, says a trader. “We’re at the lower end of the old crop prices,” Will Watchorn, a trader with Viterra, said during the red lentil panel at the Global Pulse Confederation’s Pulses 2024 conference. Canada is […] Read more
Canadian peas hold their own despite Russian sales
Trade data confirms what analysts had been forecasting: China is buying a lot of Russian peas. The country imported 427,600 tonnes of Russian product during the first four months of the 2023-24 crop year (July to October). That is just slightly less than the 465,940 tonnes bought from Canada. Russia is swiftly moving into a […] Read more
Russian pea export threat takes shape
Stiff competition is expected to put downward pressure on Canadian prices, especially with a huge crop in the works
Canada used to have a stranglehold on the Chinese market, up to and including this year. But that changed when Russia and China signed a phytosanitary agreement in December 2022, paving the way for Russian peas to make inroads into that market.
Strong production, uncertain demand dims lentil outlook
The red lentil market is looking bearish in 2023-24, according to an analyst. Major exporters have big crops on the way and demand could be subsiding in two key markets, said Gaurav Jain, an analyst with AgPulse Analytica. Turkey is expected to import 522,000 tonnes of the crop, down from a whopping 675,000 tonnes this […] Read more
