Red lentil supply depends on Canada, Australia

concern that the market would be over-supplied, but drought and frost slashed Australia’s production. Australian farmers are expected to plant the same number of acres as 2024. “If we pencil in an average yield at this point in time, what we would see is that production would bounce back considerably,” said Penner. He is forecasting 1.69 million tonnes of production, up from 1.16 million tonnes in 2024-25. Exports are estimated at 1.5 to 1.6 million tonnes, which would be double the current year. However, he said the caveat is that it is dry in the main production areas in the states of Victoria and South Australia. “That’s a real concern there,” he said. The Australian Bureau of Agricultural and Resource Economics and Sciences is forecasting 1.5 million tonnes of production, which would be 71 per cent above the 10-year average. Simone Dax, a trader with Louis Dreyfus Company, agreed with Penner that it is early days for the Australian crop, and a lot can happen between now and ...