Even amidst challenging conditions, Canadian wheat production managed to hold the third position last year as well, while Australian yields were impacted by adverse weather.
AAFC’s reports indicate that in 2023-2024, Canada exported nearly 21.8 megatonnes of wheat to 65 nations, with China, Indonesia, Japan, Bangladesh, and the United States as the top buyers.
According to Farm Credit Canada has consistently bolstered its wheat export volumes over time based on advancements in agricultural research and crop genetics.
Global wheat demand continues to expand, with the USDA projecting a 0.6% rise in 2024-2025, driven by heightened demand from regions like North America, the Middle East, and Southeast Asia.
Durum wheat, mainly grown in Canada’s southern prairies and used in pasta production, is experiencing high demand from Europe and North Africa.
Canadian Grain Commission says that durum wheat exports this fall are roughly 25% higher than last year.
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