Price Changes Compared to Last Month
- Prices for green lentils, including Laird and Eston varieties, have shown stability with minor fluctuations. Seasonal harvest pressures earlier in the year caused some dips, but prices have recovered slightly due to increased global demand, especially from Asian markets.
- Current prices for Canadian lentils remain competitive, reflecting their high-quality standards. For instance, prices for bulk shipments of Laird lentils are influenced by packaging and delivery terms such as CIF (Cost, Insurance, and Freight).
2. Predictions for Green Lentil Prices
- Laird Lentils (#2): Prices are expected to stabilize or rise slightly due to continued demand from Europe and Asia. Global economic recovery and the shift towards plant-based diets contribute to the strong market outlook.
- Eston Lentils (#1): As a smaller green lentil variety, Eston continues to find niche markets. Prices might remain stable but could face upward pressure if production volumes are impacted by weather conditions or increased export demand.
3. Situation of Canadian Suppliers
- Canadian suppliers, especially those in Saskatchewan (responsible for 90% of the country’s lentil production), are well-positioned in the global market. They maintain a reputation for delivering high-quality lentils and adhering to strict international standards.
- Supply chains are robust, but exporters face challenges like logistical delays and rising shipping costs, which might slightly impact delivery timelines.
- Suppliers are also enhancing technology in cleaning and processing facilities, ensuring lentils meet diverse international requirements. Companies like Bennett’s Grain and MEHSOM are noted for their focus on customer service and export efficiency.