Canada is increasing oilseed exports in 2022/23 MY

Published Jan 9, 2023

Tridge summary

Canada's grain, oilseeds and legumes exports increased by 34.6% in the first five months of the 2022/23 season, compared to the same period of the previous season, according to Statistics Canada. The country exported over 20.6 million tons of these commodities, with significant increases in the export of canola, soybeans, wheat, barley, corn, peas, and lentils.

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

Original content

According to analysts from Statistics Canada, in the first five months of the 2022/23 season (August-December), Canada sold over 20.6 million tons of grains, oilseeds and legumes to foreign markets, which is 34.6% higher indicator for the same period of the previous season (15.3 million tons). In particular, since the beginning of August, 3.5 million tons of canola have been sent abroad against 2.9 million tons in 5 months of 2021/22 MY. Exports of soybeans also increased from 2.3 million tons to 2.5 million tons. Growth dynamics is also noted in relation to the export of main grain crops: for example, supplies of wheat increased by 1.5 times - up to 8.1 million tons compared to 4.9 million tons in the ...

Source: Oilbranch