Lentils, Market report, Chelmer Foods. 04.05.2023
According to recent estimates, the acreage for the upcoming crop season is expected to decrease by 10% to 3.9 million acres compared to the previous year. Despite an average yield of 1,310 lb/acre, the 2023 crop is predicted to slightly decrease to 2.275 million tonnes, due to a smaller carry-in from the previous season. As a result, the supplies for the market are expected to fall to 2.48 million tonnes in 2023/24. The majority of the reduction is anticipated to be seen in red lentils, while the acreage for large greens is expected to remain relatively unchanged. This reduction is likely to create tighter market conditions for red lentils.