echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Food News > Food Articles > Statistics Canada: 2021/22 corn ending stocks hit a record high

    Statistics Canada: 2021/22 corn ending stocks hit a record high

    • Last Update: 2022-10-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com
    Foreign media news on October 10: Statistics Canada released its 2021/22 supply and demand report on major cereals last week, which includes inventory and supply and demand data
    as of August 31.
     
    The report's trade data is consistent with
    Canada's August International Merchandise Trade report's import and export data.
    August is also the last month
    of the corn and soybean crop year.
     
    Canadian corn ending stocks for 2021/22 reached a record 2.
    746 million mt as of Aug.
    31, up 577,000 mt or 26.
    6 per cent from a year earlier, well above the five-year average of 2.
    324 million mt and above the AAFC September forecast of 2.
    2 million mt
    , the report showed.
    The increase in inventories was mainly from commercial inventories, which reached 1.
    61 million tons, 55% higher than the five-year average; Farm inventories stood at 1.
    584 million tonnes, just 0.
    5 percent above the five-year
    average.
     
    Canadian corn supplies increased in 2021/22 as imports reached a record 6.
    2 million mt
    .
    Dry weather in the western Canadian prairies in 2021 and a lack of feed supplies boosted import growth
    .
    The previous import record was 4.
    12 million tonnes in 2002/03, for similar reasons
    .
     
    Feed use of Canadian corn in 2021/22 was estimated at 12.
    058 million mt, up 37.
    6% year-on-year and 38%
    above the five-year average.
    Among them, food and industrial consumption has increased, mainly for ethanol production
    .
    Corn use in the ethanol industry increased by 7.
    8% year-on-year, 8% above the five-year
    average.
     
    Canada's corn exports in 2021/22 were 1.
    737 million mt, up 20.
    8% year-on-year and 26.
    5%
    above the five-year average.
    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.