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Agriculture Canada raised its wheat production and export forecasts for 2022/23

 Last Update: 2022-09-06
 Source: Internet
 Author: User

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The report shows that the reason for the increase in production is that the yield has been raised to 3.
40 tons/ha, which is 0.
07 tons/ha higher than the previous month; Yields of 2.
34 tonnes/ha, which fell from the previous year due to drought, were 45.
3 per cent
higher.

The area sown to all wheat in 2022/23 remained at 10.
345 million hectares, an increase of 9%
year-on-year.

This month, the AAFC also increased Canada's wheat exports by 600,000 tonnes to 23 million tonnes, up 53.
7 per cent from 14.
96 million tonnes in 2021/22, due to production increases
.

outlet

Domestic wheat consumption in 2022/23 is expected at 9.
425 million tonnes, up 31,000 tonnes from the previous month and up 6.
1%
year-on-year.

Wheat ending stocks for 2022/23 are expected to be 5.
9 million tonnes, up 200,000 tonnes from the previous month and up 59.
7%
from the previous year.

In terms of supply and demand data for 2021/22, exports are expected to be 14.
96 million tons, 160,000 tons higher than the previous month; Domestic consumption was lowered to 8.
883 million tons, down 305,000 tons
from the previous month.
Ending stocks were raised by 45,000 tonnes to 3,965,000 tonnes
.

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