World’s durum wheat harvest will be big

Published 2024년 5월 21일

Tridge summary

Canadian farmers have planted 6.34 million acres of durum wheat, expected to yield 5.66 million tons, with potential supplies reaching 6.5 million tons. The US has also increased its durum planting by 21%. However, the durum market is facing challenges due to uncertain production in Turkey, which sold 1.5 million tons in the 20223-2024 season. Meanwhile, North Africa, especially Morocco, is expected to have its lowest wheat crop since 2016-2017 due to drought. Algeria has been the largest buyer of Canadian durum in the 2023-2024 season. Italy and Mexico are also expected to have reduced durum harvests, while France is dealing with excess rain. The durum market's dynamics are further complicated by Russia's behavior as a supplier to the EU.

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

Original content

Canadian farmers planted 6.34 million acres (2.57 million hectares) of durum wheat, from which they will receive 5.66 million tons of harvest. Agriculture Canada’s forecast was published May 17 by The Western Producer. GrainFox principal analyst Neil Townsend believes supplies could exceed 6.5 million tons if average yields remain consistent with the 2022-2023 season, which was 35.9 bushels per acre (24.12 quintals per hectare). Exports of durum could increase by one million tons. In the US, durum took up 2.03 million acres (822,000 hectares), 21% more than a year ago. At the moment the crops are in very good condition. Experts are wondering what to expect from Turkey this year. In the 20223-2024 season, the country shocked its competitors by selling about 1.5 million tons, disrupting the plans of other exporters. The USDA’s Foreign Agricultural Service forecasts that Turkey will produce 4.4 million tons of durum in the upcoming 2024-2025 season, 10% more than in the previous ...

Source: UkrAgroConsult