Stable Canadian Lentil Prices During W1 Despite a Decline in India's Imports

During W1, the lentil prices in the markets held steady at the levels observed in December 2023. The demand remains subdued, and only a few suppliers are introducing new crop red lentils. India, being the primary consumer and importer of red lentils, has witnessed a decrease in its imports from Canada, dropping from 80% to 50%. This decline can be because other nations, including Australia, Russia, and Kazakhstan, have been able to present more competitive prices than Canada.