2016 – Record Lentil Crop Anticipated

The free market is doing its job. This past year, lentil growers have been rewarded well with new record high prices. I had reported last fall that gross receipts for lentils would set a new record. My earlier estimates have been revised up to an average price paid of $850.00/MT or $0.38/lb. We produced about 2 million tonnes last year, so the total estimated gross receipts for this crop year will be a record breaking $1.770 Billion! That is higher than Durum Wheat gross receipts by a long shot.

To read more of the summer newsletter, please click the button below.