An analysis of the export surge in Canada found it was not caused by Covid-19

Published 2021년 5월 20일

Tridge summary

Despite the challenges of the COVID-19 pandemic, Canada's agricultural exports experienced significant growth in 2020, according to a new analysis. This growth was largely driven by specific market conditions, such as China's effort to rebuild its pig herd and India's reduction of lentil import tariffs, rather than the pandemic itself. The surge in agricultural trade was notable, as it contrasted with a global and overall export trade decline. The increase in agricultural trade was not even across all commodities, with variations in growth among different agricultural sectors. The author of the analysis, Richard Barichello, credits the commitment of governments to keeping borders open for preserving the global marketplace as a key factor in this growth.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Canada’s crop, meat and other agricultural exports boomed in the first year of COVID-19. But rather than being a product of the pandemic, that surge in sales came despite the disruptions of the disease, a new analysis concludes. “Three commodity groups dominated Canada’s agricultural trade performance in 2020, and all appear to be due in large part to specific circumstances related to that commodity group, not due directly to the pandemic,” writes Richard Barichello of the University of British Columbia. Those circumstances include China’s rebuilding of its pig herd and India’s relaxation of lentil import tariffs. “They also should be seen in light of trade volumes at the bilateral and commodity levels typically being quite volatile due to the usual agricultural production factors of weather, pests and diseases,” Barichello writes in the Canadian Journal of Agricultural Economics. “These factors rise whether or not there is a pandemic.” Like most of the world, Canada’s overall ...

Source: The Western Producer