Canadian wheat exports reach new high

Published 2023년 3월 9일

Tridge summary

Canada's wheat exports hit a record high of 2.7 million tons in January, surpassing the previous record set in January 2021. The increase was driven by soft wheat, with Japan and Peru being the largest buyers, and durum wheat, with record shipments of 791,000 tons. Since the start of the 2022-23 marketing year, soft wheat exports have increased to 9.94 million tons from 5.89 million tons, with China as the largest buyer. Durum wheat exports have also seen a significant increase, with shipments mainly going to Italy, Algeria, and Tunisia.

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

Original content

Canada's total wheat exports totaled 2.7 million tons in January, up from 1.92 million tons a month ago, according to the Canadian Grain Commission. It was also a new monthly high, surpassing the previous January 2021 record of 2.45 million tonnes. And on a monthly basis, January deliveries were the highest since July 2020, when they amounted to 2.77 million tons. Soft wheat shipments, mostly Canadian Western Red Spring (CWRS), totaled 1.88 Mt in January, compared to 1.56 Mt a month ago and 935,000 mt a year earlier. Japan was the largest buyer in January, purchasing about 211,000 tons. Peru follows with about 200,000 tons. The total export of soft wheat since the beginning of the 2022-23 marketing year (August-July) has increased to 9.94 million tons from 5.89 million tons in August-January a year ago. China remained the largest buyer of 1.89 million tons, ahead of Japan and Bangladesh. But overall support for wheat exports has come ...

Source: Zol