August 8, 2024
In this article, AgPulse Analytica looks at the crop outlook in the world’s major lentil producers and what a potential glut situation will mean for markets.
The global lentil market is on the brink of a significant shift in 2024, with production estimates soaring and the specter of oversupply looming. Recent data, bolstered by advanced yield modeling techniques, suggests a substantial increase in lentil production across major growing regions, raising critical questions about market balance and price stability.
Canadian farmers have dramatically increased their lentil seeding, contrary to initial expectations. The latest estimates, supported by the AgPulse yield model, project Canadian lentil production to reach 2.55 million metric tonnes (MMT), a remarkable 50% increase from the previous year. This surge is attributed to beneficial rains in the Canadian Prairies.
READ THE FULL ARTICLESource: AgPulse yield model
Source: AgPulse yield model
Source: AgPulse yield model
red lentil / green lentil / Australia / Canada / India / USA / Black Sea / AgPulse Analytica / global lentil markets / lentil prices
Disclaimer: The opinions or views expressed in this publication are those of the authors or quoted persons. They do not purport to reflect the opinions or views of the Global Pulse Confederation or its members.
