India continues lentil purchases from Canada to bolster buffer stocks
1 year, 5 months ago

India continues lentil purchases from Canada to bolster buffer stocks

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Canada was the biggest supplier of lentils to India during India’s 2022-23 financial year ended on 31 March with shipments of 485,492 metric tonnes worth $370 million, accounting for more than half of India’s total lentils imports, according to data from India’s trade ministry. Despite the deteriorating diplomatic relations between New Delhi and Ottawa, the Indian government is continuing its purchases of lentils from Canada as it aims to bolster its buffer stocks to address the rising prices of pulses in the domestic market, said sources familiar with the matter. Two central government agencies, namely the National Cooperative Consumers’ Federation of India Ltd and the National Agricultural Cooperative Marketing Federation of India, have recently issued tenders to procure red lentils from the local market and through imports in an effort to stabilise prices, as reported by Economics Times. The trend had been continuing, with India’s imports of Canadian lentils from April to July jumping 420 per cent from a year ago to 190,784 tons, the trade ministry data showed.

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