Producers taking part in the recent Durum Summit in Swift Current learned there’s reason for optimism going forward with everything from the breeding side to the marketing side.
While 2019 was a challenging year, and quality of the crop is quite variable, we should see some good marketing opportunities ahead.
Neil Townsend with FarmLink Marketing Solutions thinks a key market to watch for in the last quarter of the marketing year will be the US.
“If they kind of perceive that their crop is not getting off to a good start or plantings are not where they want them to be or the weather conditions are not, they might increase their buying phase for our ending stocks and even take more ownership of potential new products at probably pretty strong prices.”
He thinks we’ll also see some good market opportunities going into Europe, Italy and Turkey.
Townsend says when you look at some of our key durum markets and you take a slightly longer view to say 2030 or 2050 we continue to see more marketing opportunities in durum.
“The countries that are durum markets, they still have tangible population growth, Algeria and Turkey, Morocco, even the United States. Whereas, a lot of countries were exporting other products to they have more of the reverse demographics going on. Where people are getting older, and are starting to consume less, there are just fewer people.”
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