The world's durum wheat harvest will be large, but passions are running high

Published 2024년 5월 21일

Tridge summary

Canadian farmers have planted 6.34 million acres of durum wheat, expecting a harvest of 5.66 million tons, with potential surplus if average yields are maintained. Meanwhile, durum planting in the US has increased by 21%. There are concerns about Turkey's export policy, as it significantly disrupted the market in the 2023-2024 season. North Africa is projected to have its weakest wheat harvest since 2016-2017 due to severe drought. Italy is expected to experience a 10% decrease in durum imports due to reduced acreage and lower yields, while France faces challenges with too much rain. Mexico's harvest is predicted to decline due to reduced acreage and drought. The situation in Russia remains uncertain, as it could impact the Canadian durum market.

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

Original content

Canadian farmers have planted 6.34 million acres (2.57 million hectares) of durum wheat, from which they will receive 5.66 million tons of harvest. The Canadian Department of Agriculture forecast was published on May 17 by The Western Producer. GrainFox chief analyst Neil Townsend believes supply could exceed 6.5 million tonnes if average yields remain at 2022-23 season levels of 35.9 bushels per acre (24.12 cwt/hectare). Durum exports could increase by one million tons. In the United States, durum occupied 2.03 million acres (822 thousand hectares), 21% more than a year ago. Currently the crops are in very good condition. Experts are wondering what to expect from Turkey this year. In the 2023-2024 season, the country shocked competitors by selling approximately 1.5 million tons, disrupting the plans of other exporters. The Foreign Agricultural Service of the US Department of Agriculture (USDA) predicts that Turkey will produce 4.4 million tons of durum in the upcoming 2024-2025 ...

Source: Zol