October 5, 2020
Demand is the big question for the red lentil trade in 2020/21. Much depends on developments in India.
Demand is the big question for the red lentil trade in 2020/21. Much depends on developments in India. Earlier this year, as the COVID-19 lockdown caused logistical challenges that contributed to food inflation, India responded by lowering its import duty on lentil imports from 35% to 10% through August 31st. But as of September 1st, the duty is back up to 35%. India is currently working through the volumes that were imported under the reduced duty. As those inventories dwindle, will the government decide to incentivize imports again? There is optimism in the trade that demand will pick up eventually, but for now the campaign remains shrouded in uncertainty.
To shed light on the red lentil market outlook for 2020/21, the GPC has assembled a stellar panel for Pulses 2.0:
Brian Clancey / Sudhakar Tomar / UAE / Fethi Sonmez / Turkey / David Hanna / Canada / Pawan Mundada / India / Hadi Doni / Pakistan / Kintal Islamov / Kazakhstan / Mostyn Gregg / Australia
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