Ministry of Agriculture of Canada raised its forecasts for the grain harvest in 2024/25 MY
Wheat
Canola Seed & Rapeseed
Published Mar 22, 2024
Tridge summary
The Agriculture and Agri-Food Canada (AAFC) has revised its forecast for the 2024/25 MY, predicting increased production for wheat, barley, and corn. Wheat production is expected to rise by 0.7 mln tonnes to 34.6 mln tonnes. Similarly, barley and corn production are also expected to increase, reaching 9.5 million tons and 14.9 million tons respectively. However, the forecast for canola production has been reduced to 18.1 mln tonnes.
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
In the March report, the experts of the Agriculture and Agri-Food Canada (AAFC) raised the forecast of wheat production in the country in 2024/25 MY by 0.7 mln tonnes to 34.6 mln tonnes (32 mln tonnes in 2023/24 MY), domestic consumption by 0.2 mln tonnes to 9.3 mln tonnes (8.6 mln tonnes), exports to 24.6 mln tonnes (23.5 mln tonnes) and ending stocks to 4.4 mln tonnes (3.6 mln tonnes). In particular, the forecast for durum wheat production was raised by 0.3 to 5.7 (4) million tons, exports – by 0.1 to 4.5 (3.2) million tons, and ending stocks – by 0.1 to 0.8 (0.5) million tons. The forecast for barley production was raised by 0.2 to 9.5 (8.9) million tons, and ending stocks by 0.2 to 1.3 (1) million tons. The forecast for corn production was also increased by 0.6 to 14.9 (15.1) million tons, domestic consumption by 0.3 to 15.1 (15.7) million tons, and ending ...
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