Canada plans to increase production of key crops in 2024/25

Published Jan 26, 2024

Tridge summary

The Agriculture and Agri-Food Canada (AAFC) January report predicts an increase in wheat production for the 2024/25 marketing year, reaching 33.3 million tons. Wheat consumption is expected to be 8.8 million tons, with exports at 24.4 million tons and ending stocks at 4.2 million tons. Barley production is also expected to rise to 9.3 million tons, with consumption and exports projected at 6.5 and 2.8 million tons respectively, and ending reserves at 0.8 million tons. Canola production is forecasted at 18.4 million tons, with consumption at 10.8 million tons, exports at 7.7 million tons, and ending stocks at 1.4 million tons.

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

Original content

In the January AAFC report, the forecast for wheat production in Canada in 2024/25 MY was announced at 33.3 million tons, which is 1.3 million tons higher than the previous season, of which 5.4 (+0.6) million tons will be grain durum. Wheat consumption in the country in the next MY is projected at 8.8 million tons (+0.2 million tons per year), exports at 24.4 (+1.2) million tons, ending stocks at 4.2 (+ 0.2) million tons. The forecast for barley production in Canada was announced at 9.3 million tons (+0.4 million tons per year), grain consumption - 6.5 (+0.3) million tons, exports - 2.8 million tons (unchanged), ending reserves - 0.8 million tons ...

Source: Zol