Mumbai, 08 Sep (Commoditiescontrol):In its most recent assessment of principal field crops in Canada, Statistics Canada (StatCan) has drawn attention to a notable downturn in lentil stocks for the year ending July 31, 2023.
The report indicates that lentil stocks experienced a sharp decrease, with totals as of July 31 amounting to 147,000 tonnes. This marks a 34.1% drop compared to the same period in 2022. On-farm lentil stocks were hit hardest, seeing a drastic decline of 68.5%, leaving just 28,000 tonnes in storage. Commercial stocks weren't immune either, facing an 11.2% reduction to settle at 119,000 tonnes.
However, it's not all gloomy news for the lentil sector. Despite the declining stockpile, Canadian lentil exports demonstrated robust performance, registering a 40.8% year-over-year growth. By July 31, 2023, a commendable 2.3 million tonnes of lentils had found their way to international markets.
In comparison, dry peas told a different story. Their stocks swelled 46.9% year over year to touch 498,000 tonnes by July's end. On-farm stocks nearly doubled, rising by 94.8% to 300,000 tonnes, while commercial stocks increased by 7.0% to 198,000 tonnes. Furthermore, exports of dry peas climbed by 33.5%, reaching 2.6 million tonnes.
(By Commoditiescontrol Bureau; +91-9820130172)
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