Limited exportable stock of lentils available in Australia

03-Apr-2025 08:17 PM

Australia Faces Limited Exportable Stock of Lentils

📌 Key Update: Lentil production in Victoria and South Australia has dropped sharply due to drought, leading to limited exportable stock from Australia.

Lentil Production Decline

🔹 Victoria: 5.35 lakh tonnes (-31% YoY)
🔹 South Australia: 5.55 lakh tonnes (-27% YoY)

🛑 Key Reason: Despite a record-high sowing area, low rainfall & drought caused a significant drop in yield.

Impact on Exports

✔️ Limited stock available for export, slowing global shipments.
✔️ India’s Import Duty Update:

  • March 8, 2025: India imposed a 10% import duty on lentils.

  • Australia’s Advantage: A 1.50 lakh tonne quota has been allocated, attracting only 5% duty instead of 10%.

✔️ Price Trends:

  • March Export Offer Price: $850/tonne (↓ $50 from February).

  • India’s lentil imports are decreasing.

Future Outlook

🔸 Lentil sowing in Australia will begin in May-June.
🔸 Harvesting starts in October-November.
🔸 Export shipments may remain slow until the new crop arrives.
🔸 Australian farmers face lower income due to reduced production and stable prices.

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