Lentil prices soften in Canada due to weak export demand

30-Jan-2025 04:20 PM

It looks like the lentil market in Canada is facing a lot of uncertainty right now, especially with the weak export demand. The fact that the deadline for duty-free imports of lentils to India is coming up at the end of March 2025 is a big factor, as it’s causing hesitation among importers.

The price differences between green and red lentils are also interesting, with red lentils staying relatively stronger despite the overall demand being low.

It seems like the market is in a waiting period, especially with the new crop coming in a few months. There’s also a lot of attention on potential changes to sowing areas in Canada and the impacts of Australian production.

Do you think this uncertainty will continue to impact lentil prices in the near term, or is there hope for stability as the season progresses?