Canada has become a key importer of U.S. lentils in 2023

Published 2023년 12월 25일

Tridge summary

Canada's share of U.S. lentil exports increased to 50% in 2023, up from 41% the previous year. However, this increase may be somewhat distorted as some American lentils pass through Canada in transit to avoid import duties on supplies to India. Canada is also a significant buyer of peas from the United States, ranking second after China in 2023/24. The USDA predicts that average monthly prices for lentils in the US will continue to rise due to a global reduction in supply and a strong export program.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canada's share of U.S. lentil exports rose sharply in 2023 to 50% from 41% a year earlier, according to a December USDA report. In particular, in the current season (July-October) 44 thousand tons of product were shipped, while according to the results of the entire last MY - 76 thousand tons, reports The Western Producer. At the same time, this indicator may be somewhat distorted, because quite a significant part of American lentils is not exported to Canada, but passes through the country in transit in order to avoid paying a 10% import duty on supplies to India. Canada also plays a key role in the purchase of peas from the United States, ranking second after China in 2023/24 MY and importing 26 thousand tons of legumes in 4 months of the current season. In addition, the ...

Source: Zol