Get the best Lentils from Lord Agro for making top-quality trade

The lentil competence trade, where traits of price volatility are indicated, has succeeded with the grain market possessing an eminent status, spreading across the world with the vast majority of the countries using pulse, barley, and soybeans in such trades. Pulses are a very good source of protein and fiber, which pleases a lot of hearts to people all over the world, particularly where plant-based diets are strongly promoted.

This commodity being traded is not only an economic advantage for producing countries but is also an important food security determinant for other regions. The rising demand for lentils in foreign markets, especially in underdeveloped countries, has come to be a great stepping stone for the expansion of lentil exports.

However, the weather and climate changes, the universal price fluctuation, and the trade barriers create an obstacle to the export process, thus. Therefore, it is crucial to have good planning and a deep understanding of the markets where it operates, which is the key to the success of the company.

Global production of lentils from the year 2022

Overall, lentil production was a huge success in 2022, with an incredible record of 6.65 million tons, which is a remarkable 17% increase from 5.65 million tons in 2020. Better weather conditions and improved agricultural techniques, such as lentils, are quite prominent among food staples of the world and are the main reasons for the significant rise in production. In this connection, the shift to the consumption of plant-based proteins is also evidence of the increase in production.

For the year 2024, worldwide lentil production is likely to see steady growth even after the recent recovery. The world production in 2023 is projected to be around 7.12 million tons of metric, which is a remarkable increase from problematic 2021, when production amounted to 5.8 million tons of metric. Canada is the world’s leading exporter of lentils.

Although some regions suffer from weather conditions, the Canadian economy is projected to stay on the high track in 2025. Canada recorded lentil exports of about two million one hundred thousand tons yearly in the five-year period between 2019 and 2023.

Still, in the United States, lentil production was up 4% in 2023 compared to the previous year and accounted for about 0.259 million tons of production. However, the total area covered by sowing has been reduced by 17% compared to the previous years, which may be a worry about future output. The element of weather continues to be the driving factor for both production volumes and price stability. The global lentil trade is expected to be about 4.5 million MT in the year 2024, which is slightly more than the year 2023.

Lentils, both dried and shelled, are one of the globally traded commodities and a big sector, especially for main exporters such as Canada. In 2021, global trade exceeded $1.4 billion, and Canada, being the major exporter, accounted for the largest share of the total trade with $838 million. The lentils from Canada, mostly this green and red type, account for a large share of the world market.

World trade of lentils in Canada

In recent times, the major share of the world’s lentils has been harvested in Canada, at the top position, with approximately 70-75% of the lentils produced worldwide being lentils from Canada. In 2024 Canada is likely to sustain its long-term leveraging of the sector, with the bulk of production being especially in Saskatchewan, where lentils make up about 90% of the total that are grown. Canada’s main cross-border trading of red to green lentils is executed by red lentils composed of roughly 68 percent of the total harvest and green retailers predicted to be around 30 percent.

Canada’s lentil fields have steadily leaped forward over the last two decades. There is an increase in production by 120 percent and the share of exports by 350 percent. The high quality of lentils and relatively technologically advanced methods, such as the adoption of stable and high-yield strategies, have attracted consumers to the Canadian market. However, still, some issues arise from El Niño if we take into consideration the high level of indiscipline on the part of some of the primary buyers, like India. Their inability to move at greater export levels may ensue in the time of negotiation of prices.

the country’s established infrastructure and the well-maintained supply chain that makes it such a formidable power in the lentil market. 

The role of Lord Agro Trade in the export of lentils

Lord Agro Trade is an enterprise in which we export lentils from Canada, one of the largest lentil growers in the world, to various countries. Our aim is the provision of red and green lentils to global markets.

One of the factors we are focusing on is quality and efficiency in our logistics, and thus far, we have been able to set up and keep strong relationships with the buyers in these areas.