Variation of lentils, beans, peas, grain, soybeans, beans, background|
Indian importers have actually resumed the import of United States green lentils, however they are requiring that exporters renegotiate the costs, which were high when the offers were signed.
“Indian green lentil deliveries have actually begun, however purchasers are asking to renegotiate costs due to big rate collapse,” stated Ameer Mehdi Buhari, President and CEO, Agcore Trading.
He informed businessline that rates of numerous pulses, especially green lentils, have actually been driven down by substantial Canadian and United States crops this year.
Canada and the United States, nations such as Australia and Russia are likewise reporting great harvests of peas and lentils. African countries are reporting a great pigeon pea crop.
Retaliation worry
Indian importers had actually stopped briefly imports of United States farming items, primarily lentils and beans, throughout July-September, fearing the Indian federal government might strike back versus the Donald Trump administration’s punitive tariffs enforced in August.
Washington enforced a 25 percent tariff from August 7, declaring that New Delhi is enforcing greater tariffs on its items. It started imposing an extra 25 percent responsibility from August 27 on India for purchasing petroleum from Russia.
India and the United States continue to hold settlements, however Indian Commerce Minister Piyush Goyal has actually stated New Delhi will not sign any bilateral trade arrangement in rush.
“Last year, forward agreements to India were trading at $850 a tonne levels (beginning and going all the method to $1,250 at the peak). This year’s market is at $560,” Buhari stated.
Existing deals
According to information from the Global Pulses Confederation, Canada is providing green lentils presently at $640 a tonne compared to $765 in August. Russia, on the other hand, is using them at $610 compared to $785 in August.
At the exact same time, costs of African-origin pigeon peas have actually crashed to levels of $550 a tonne from over $600 in August. Myanmar has actually preserved its costs at around $775 levels. The neighbouring nation costs have actually increased on hopes of greater imports from India, where the crop has actually apparently been impacted by heavy rains over the previous number of months.
Costs of chickpeas have actually plunged listed below $500 a tonne from about $700 in August. Costs of yellow peas, which are delegated the rate collapse in the pulse market, have actually nosedived to in between $300 and $320 a tonne from $415 in August.
Lower pigeon pea rates have actually put pressure on lentil costs. United States exports of green lentils to India are restricted. More Indian imports of large-sized green lentils are being imported from Canada, specifically Vancouver port.
USDA approximates
Trade sources state United States green lentils discover their method to Tamil Nadu, where the State disperses them through provision stores. The United States exported a minimum of 44,000 tonnes of green lentils to India in 2015. Some purchasers in Tamil Nadu offer these lentils in interior south as an alternative for pigeon peas.
According to the Australian Bureau of Agricultural and Resource Economics (ABARES), Australia is approximated to produce 2.1 million tonnes (mt) of chickpeas versus 2.3 mt in 2015, while lentil production has actually been predicted at 1.7 mt compared to 1.6 mt in 2015.
The United States Department of Agriculture (USDA) has actually approximated dry pea production at 800,000 tonnes. Its lentil production is predicted at 425,000 tonnes, 4 percent greater than the previous year.
Farming and Agri-Food Canada has actually approximated Canada’s dry pea production to be over 3.5 mt in view of greater acreage. When it comes to peas, Canada will likely collect almost 3 million tonnes of yellow peas and 550,000 tonnes of green peas.
Bearish potential customers
It has actually forecasted lentil production to increase to 2.75 mt. Of this, red lentil production is anticipated to be around 1.4– 1.45 mt, 19 percent lower than in 2024-25. Green lentil output is approximated at 1.15– 1.2 mt, about 60 percent greater than in 2024-25.
In the Black Sea area, Russia is anticipated to collect a record 6.8 million tonnes of pulses, primarily chickpea and peas. Ukraine’s crop is predicted at a record 610,000 tonnes as the protection increased 25 percent this year.
Of this, chickpea production is approximated at around 700,000 tonnes which of peas at 4.7 million tonnes, with yellow peas comprising the bulk. Green peas production is reported to be 50,000-100,000 tonnes. Some quotes task pea production at over 5 million tonnes. Russia’s lentil production is predicted at 600,000 tonnes.
All these hint a bearish pattern in the pulses market, though costs increased a little bit recently as Indian importers were reported to be purchasing.
Released on October 29, 2025
