Canada: Prairie durum sales flourish in global market

Published 2024년 11월 26일

Tridge summary

The article highlights the favorable conditions for Canadian durum wheat exports in the 2024-25 marketing year due to reduced competition from Turkey and Russia, whose exports have declined because of rising prices and import taxes. This opens opportunities for Canada, particularly in the EU market, which is expected to increase its imports by 20%. Canadian exports have already risen by 45%, with a forecast of 4.9 million tonnes for the year. Additionally, a market intelligence service is available, offering insights into the Black Sea and Danube markets, relevant to Canada, the EU, and Turkey, with a focus on prices, production, and durum wheat, and includes a 7-day free demo access.

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

Original content

Two of Canada’s main durum market competitors have been less of a force so far in 2024-25. “As for Turkish and Russian exports, we do confirm that they are down significantly compared to last marketing year,” Carlotta De Pasquale, market intelligence officer with Italian agri-food intelligence firm Areté, said in an email. The European Union imported 176,000 tonnes of durum from Turkey between July 1 and Nov. 18. That compares to 561,000 tonnes for the same period a year ago. Imports from Russia have been next to nothing due to an import tax amounting to $215 per tonne. That compares to 348,000 tonnes for the first five months of last year. Turkey’s global exports for July through September are down 75 percent compared to the same time last year, according to TurkStat data. “The main reason is that Turkish prices have been rising, and the spread with European markets is not wide enough to make export convenient,” said De Pasquale. “This is also due to the strengthening of the ...

Source: UkrAgroConsult