SASKATOON — There are differing opinions on how many lentils India will import in 2023-24. That elusive number will go a long way toward determining price prospects for the crop, says an exporter. Stat Publishing is forecasting 1.13 million tonnes of imports this year, down from 1.44 million tonnes last year. However, it noted global […] Read more
Tag Archives India
India is back in business on peas
SASKATOON — India has temporarily dropped all pea import restrictions and that is breathing life into yellow pea prices. The restrictions have been lifted from Dec. 8, 2023, through March 31, 2024. “This is the first time in roughly six years that India has truly opened up to pea imports,” Greg Cherewyk, president of Pulse […] Read more
India suspends pea import duty
UPDATE: December 8, 2023 – 1415 CST – for the latest version of this developing story, click here. SASKATOON — India is temporarily dropping its prohibitive import duty on peas. The 50 percent duty is being removed starting Dec. 8, 2023, through March 31, 2024. “This is the first time in six years that we […] Read more
Will India drop pea import restrictions this year?
SASKATOON — Analysts disagree on whether this will be the year that India drops its yellow pea import restrictions. There are some early-season concerns for India’s chickpea and lentil crops. “The acreage will be the same (as last year) but the production will be less because things are not good in India on the climate […] Read more
Indian market pays a premium for green lentils
One specific regional market uses the crop as a substitute for pigeon peas when that harvest is poor, like it is this year
The current massive price premium between green and red lentils is justified, says a trader of the crop. The premium for large green lentils over reds has averaged US$414 per tonne since the start of the 2023-24 marketing year, according to Stat Publishing. That is more than double last year’s average of $202. Canadian bids […] Read more
Lentil ban demanded in India
Canadian pulse sector says its not worried as political tensions continue between the two countries
Pulse Canada remains “hopeful and optimistic” about lentil trade with India despite political tension between the two countries. India’s Chamber of Trade and Industry (CTI) recently sent a letter to India’s minister of commerce and industry, Shri Piyush Goyal, urging him to ban the import of lentils from Canada. The letter was sent in response […] Read more
Pulse sector unfazed as lentil ban demanded in India
Pulse Canada remains “hopeful and optimistic” about lentil trade with India despite political tension between the two countries. India’s Chamber of Trade and Industry (CTI) recently sent a letter to India’s minister of commerce and industry, Shri Piyush Goyal, urging him to ban the import of lentils from Canada. The letter was sent in response […] Read more
India’s monsoon starts retreat
MUMBAI, India (Reuters) — India’s monsoon rains started to withdraw from the northwest of the country on Sept. 25, more than a week later than normal, the state-run India Meteorological Department said in a statement. The monsoon, the lifeblood of India’s US$3 trillion economy, delivers nearly 70 percent of the rain needed to water its […] Read more
Agriculture waits to see if political spat with India affects it
Half of India’s lentil imports come from Sask., and the province’s exports to the country were worth $1.4 billion last year
The agriculture sector should be on alert as relations between Canada and India deteriorate, a report warned last week. StrategyCorp, a management consulting and government relations firm, issued a geopolitical advisory Sept. 22 after prime minister Justin Trudeau said Sept. 18 he had credible information that the Indian government was potentially involved in killing a […] Read more
Lentil sales to India slow following murder allegation
WINNIPEG/MUMBAI (Reuters) — Canadian lentil sales to India have slowed since prime minister Justin Trudeau said last week he suspected India of involvement in an assassination on Canadian soil, industry sources in both countries say. Trudeau said Canada was “actively pursuing credible allegations” linking Indian government agents to the murder of a Sikh separatist leader […] Read more
