Brisk exports cut into the grain, oilseed stocks in Canada
Canada
Published May 14, 2021
Tridge summary
The amount of Canadian canola delivered to export terminals at the Port of Vancouver averaged almost 170,000 tonnes a week in April, easily surpassing the pace of deliveries in April 2020. According to data from the Canadian Grain Commission, nearly 675,000 tonnes of canola were delivered to Vancouver export facilities in the four-week period ending May 3.
Original content
During the same four-week period a year ago, terminal receipts of canola stood at 521,000 tonnes, an average of roughly 130,000 tonnes a week. That’s an increase of nearly 30 percent compared to April 2020. Last week, Statistics Canada released its latest estimates of remaining stocks of principal field crops in Canada. The report said stocks of all major crop kinds as of March 31 including wheat, canola, barley, soybeans, peas, oats and lentils were down compared to a year earlier. StatsCan cited record exports and strong global demand for Canadian crops during the COVID-19 pandemic. “Export demand was led by China, which has been actively purchasing grain worldwide and was the main driver behind higher Canadian exports for most principal field crops,” the report said. “Canadian railways continued to move grain at record levels for the first eight months of the (2020-21) crop year,” it added. According to the StatsCan report, total remaining stocks of Canadian canola on a ...
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes.
To learn more about our cookies, please read our Privacy Policy.