Masoor Report As On 21st September 2026 by Amit Gupta, Kedia Advisory
* Masoor prices gained over 1.5% monthly amid stronger Canadian markets and production concerns.
* Jan-Sep 2026 Masoor arrivals declined 42% to 2.64 lakh tonnes year-on-year.
* Masoor exports surged 235% to 1.13 lakh tonnes during April-July 2026.
* Masoor MSP increased Rs300 to Rs7,000/quintal for the 2026-27 season, up 4.48%.
* Commercial dal millers operated at 82% capacity amid stronger pre-festival Masoor dal demand.
* July 2026 Masoor imports surged 563% to 1.87 lakh tonnes on duty-free imports.
* Government’s 30% Yellow Peas duty could support domestic Masoor demand through substitution.
* Uneven monsoon distribution raised concerns over soil moisture for upcoming domestic crop cycles.
* Rabi acreage shifting toward wheat could reduce India’s 2026-27 lentil sowing 4%.
* Pulse millers continued purchasing strictly according to immediate requirements at prevailing market prices.
* India’s 2025-26 Masoor production reached 17.62 lakh tonnes, rising 6.53% year-on-year.
* Free imports of Tur and Urad remain extended through March 31, 2027.
* Canadian lentil harvesting faces frequent weather disruptions despite early progress in Saskatchewan and Alberta.
* Agriculture Canada expects Canadian lentil acreage to decline 6% to 1.7 million hectares.
* Strong 2025-26 Canadian production exceeded 3 million tonnes following above-average yields.
* Volatile Canadian prairie weather introduces medium-term supply risks for the new lentil crop.
* Global lentil production is projected at approximately 7.2 million tonnes during 2026-27.
* Australia’s 2026-27 lentil production is projected at record 2.21 million tonnes by ABARES.
* Expanded acreage across Australia, Canada, and United States supports global 2026-27 production growth.
* Sizable global carry-in stocks from 2025-26 continue limiting significant upside price momentum.
Masoor (Lentil) - SWOT Analysis
Strengths
* Masoor gained over 1.5% in a month as Canada's markets have strengthened slightly driven by concerns over reduced production.
* Harvesting operations for crop in Canada are currently underway but are frequently being disrupted by adverse weather conditions.
* Masoor (Lentils) arrivals for Jan – Sep 2026, seen at 2.64 lakh tonnes, down by over 42% from same period last year.
* Export for Apr - July 2026, seen at 1.13 lakh tonnes up by 235% from Apr - July 2025
* Increase in MSP for Masoor (Lentils) to Rs7,000 per quintal for the 2026-27 season up by Rs300 i.e 4.48%.
* Commercial dal millers operate at 82% crushing capacity on rising pre-festive masoor dal off-take.
Weaknesses
* Imports for July 2026, seen at 1.87 lakh tonnes, up by over 563% from last year due to duty free imports.
* Early harvest progress in Saskatchewan (Canada) and Alberta, keeping fears of supply disruptions in check.
* The Department of Consumer Affairs reiterated its strict enforcement of weekly stock declarations for pulses.
* Sizable global carry-in stocks left over from the 2025/26 marketing cycle in major exporting nations capped prices.
* Global lentil production for the 2026/27 to reach approximately 7.2 million metric tonnes, supported by expanded planted acreage in Australia, Canada, and the United States.
Opportunities
* Uneven monsoon distribution sparked anxiety over soil moisture for future crop cycles.
* Government imposed 30% duty on Yellow Peas, supporting demand.
* Agriculture and Agri-Food Canada expects the area sown to decline by 6% to 1.7 million ha in 2026-27.
* Shifting of rabi acreage toward wheat could reduce 2026-27 domestic lentil sowing 4%.
* Volatile weather and shifting rain patterns in the Canadian prairies introduced a medium-term new-crop supply risk.
Threats
* As per 3rd Adv Est, Masoor (Lentils) production estimated at 17.62 lakh tonnes for 2025-26, up by 6.53% from 2024-25.
* ABARES, projects national lentil production to reach an all-time high of 2.21 million tonnes for the 2026-27 season.
* Production was very good in Canada for 2025-26, above-average yields prompted production to rise to well over 3 million mt.
* India has extended the free import policy for tur (pigeon pea) and urad (black matpe) until March 31, 2027
* Pulse millers are purchasing strictly according to their immediate requirements at current rates.
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