Canada’s coarse grain exports to rise higher

Published 2021년 4월 9일

Tridge summary

Canada's coarse grain exports are projected to hit record highs in 2020/21, led by barley, with the US being the primary market, although exports to other countries have also increased. Corn exports are expected to recover, driven by demand in Europe, and rye exports mirror demand in the US. Barley exports to China have surged due to duties on Australian barley, making Canada a more competitive supplier. Canada is the world's fifth-largest barley exporter and the top oat exporter, with the US being the primary market, but exports to Latin America, especially Chile, have also increased significantly.

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

Original content

Canada’s combined exports of coarse grains – corn, rye, barley, and oats – are expected to reach a new high in 2020/21 primarily led by barley. For most of these grains, the United States has been the top destination, while exports to other countries have grown, reflective of underlying trade dynamics in each grain. Corn exports are currently forecast to rebound from a year ago supported by demand in Europe, while rye exports mirror demand in the United States for food and feed use. Barley exports are currently forecast at 3.6 million tons for 2020/21. If realized, it would be the largest volume since 1993/94. While China has been the top destination, Canada’s export prospects to China have sharply improved since last year because China has imposed anti-dumping and countervailing duties on barley from its top supplier, Australia. Moreover, China has been active in purchasing competitively priced feed grains as substitutes for domestic corn. For October 2020 through February 2021, ...

Source: Agfax