Grand HyattGoa, India

February 20 2014Peter Wilson

Chief Executive Officer – Australia Milling GroupChairman – Pulse Australia Limited

The Pulses Conclave 2014

“Lentil Panel”

Sunil Baldewa – Siliguri Associates – India Harsha Rai – Mayur Global – India Rav Kapoor – CEO ETG – Canada Neeraj Dhawan – Mega Grain – India Gerald Donkersgoed – ILTA Grain - Canada

Panel Members

Lentil Supply Snapshot

Canada India Turkey USA Australia Syria Bangladesh Morocco Pakistan -

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Major Lentil ProducersPulse Australia/Statpub/ABARE

2010 2011 2012 2013 2014

Met

ric T

onne

s

Lentil Supply and DispositionPulse Australia/Statpub/ABARE

Total Production Carry-in Total Supply Demand Ending Stocks -

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

2010 2011 2012 2013 2014

Discussion Market Structure

Indian yield seems to be flat lining and production in decline. Why? Has investment dropped in pulse breeding and extension?

Consumption patterns in key export markets. What’s changing? What influences green and red lentil prices in India and other key markets. Varietal or genetic direction that suppliers/origins should be focused upon? Changes to Indian export ban….import whole, export processed? Market disruption

or not? The role of futures markets

Any value for lentils? If so, where should it be based?

Supply and Demand outlook Panel comments Audience participation.

Audience questions to the panel.