Oilseed area in Canada will be at its lowest in 75 years

Oilseed crops in Canada this year could be reduced to 510 thousand acres or 206,400 hectares, which would be a record low since 1949. According to the online publication The Western Producer, the farmers themselves presented such data to the country's Statistical Department. This is also 16 percent less than last year. The expected reduction in flax area may play a major role in this. The manager of the Canadian brokerage company Rayglen Commodities Inc, Kent Anholt, who is also quoted by the publication, expects that they will amount to less than half a million acres or 202.4 thousand hectares. At the same time, the expert noted that this will happen despite the increase in purchase prices for the crop to 16 dollars per bushel (for flax - 58.5 thousand rubles per ton). Anholt recalled that this crop should, for example, be noticeably more expensive than rapeseed. “When canola is approaching $15, flax ...