News

Canada intends to reduce the area under four crops

Grains, Cereal & Legumes
Canada
Market & Price Trends
Published Jan 29, 2024

Tridge summary

Agriculture Canada analysts predict a decrease in the acreage of flax, barley, wheat, and canola crops this year due to factors such as lower prices, low soil moisture, high raw material costs, and weak wheat price increase expectations. Conversely, the cultivation area for legume crops like chickpeas, lentils, and peas is expected to rise, driven by anticipated profit growth. Green lentils are expected to see a more significant increase than red lentils, subject to seed availability and cost.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

This year, Canadian farmers intend to reduce their acreage of two grains and the same number of oilseeds. The APK-Inform news agency writes about this with reference to data from Agriculture Canada analysts. The indicator for flax will decrease the most - by 19 percent from last year. It is followed by a wide margin by barley and wheat (by five and three percent, respectively), and in last place, with a decrease of one and a half percent, will be canola (a Canadian variety of rapeseed). At the same time, the area under three legume crops will increase. The figure will increase the most for chickpeas - by 17 percent, followed by lentils and peas with an increase of eight and five percent. At the same time, analysts noted that over the past 10 years, this is the seventh time that the penultimate crop has been sown more than the last one. Sunflower reserves in Russia by the beginning of 2024 decreased by 7% The country's Ministry of Agriculture and some analysts explained the reasons ...
Source: Rosng
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