WINNIPEG (MarketsFarm) — Lentil stocks are forecast to be extremely tight by the close of the 2023-24 marketing year, which should keep prices well supported despite expectations for fewer exports. Updated supply-demand estimates from Agriculture Canada pegged lentil carryout for the current crop year at only 50,000 tonnes, which would be a third of the […] Read more
Tag Archives lentils — page 3
Will India open a second window for duty-free pea imports?
SASKATOON — The Indian government might have to consider opening a second window for duty-free yellow pea imports, according to a senior industry official from that country. “Maybe in the back end of the season,” Manek Gupta, managing director of Viterra India PVT Ltd., said during a recent webinar hosted by the India Pulses and […] Read more
Lentil prices to depend on India’s import needs
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
Canada continues to import U.S. lentils
SASKATOON — American lentils are pouring across the border into Canada. Canada accounted for 41 percent of all lentil exports from the United States in 2022-23 and 50 percent of shipments so far in 2023-24, according to the U.S. Department of Agriculture’s Vegetables and Pulses Outlook: December 2023 report. That amounted to 76,000 tonnes last […] Read more
Canadian pea exports start crop year strong
Pea sales have been solid in the first two months of 2023-24, but lentil exports are down so far from last year
Canadian pea exports are running at a solid pace through the first two months of the 2023-24 marketing year, despite the smaller production, as exports of newly harvested supplies in September nearly quadrupled what moved the previous month. Canada exported 440,085 tonnes of peas in September, which was up from only 99,645 tonnes the previous […] Read more
Indian market pays a premium for green lentils
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. Related stories […] Read more
Faith in StatCan continues to nosedive
The chasm between federal and provincial lentil yield estimates continues to grow. Stat Publishing said markets “received something of a shock” from Saskatchewan Agriculture in its Oct. 5 crop report. The report pegged the province’s average lentil yield at 1,305 pounds per acre, which is well above the 931 lb. per acre forecast by Statistics […] 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
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
