Ottawa, Canada
December 12, 2007Source:
Agriculture and
Agri-Food Canada (AAFC)
Grains and oilseeds outlook
Total production of grains and
oilseeds (G&O) in Canada in 2007-08 is estimated by Statistics
Canada (STC) at about 60 million tonnes (Mt), slightly lower
than 2006-07 but slightly above the 10-year average. Production
is down 5% from last year in western Canada at 43.3 Mt, with
eastern Canadian production up slightly at 16.7 Mt. Supplies of
G&O in Canada for 2007-08 are expected to decrease by about 9%
from last year due to lower carry-in stocks and production.
Exports are forecast to fall by 16%, due mainly to lower exports
of wheat. Domestic use is expected to rise due to increased use
of corn and wheat for ethanol production. Prices for all crops
are expected to be significantly higher than in 2006-07. The
major factors to watch are: the Canada/US exchange rate,
moisture conditions in the US winter wheat belt, southern
hemisphere crop development, Asian demand, the bio-fuel market
and ocean freight rates.
Full report:
http://www.seedquest.com/News/releases/2007/pdf/21214g.pdf
Pulses and special crops
outlook
For 2007-08, total production of
pulses and special crops in Canada increased by 10% from 2006-07
to 4.51 million tonnes (Mt), based on Statistics Canada’s (STC)
November production estimates. Compared to 2006-07,
average yields were lower for dry peas, dry beans, mustard seed,
canary seed and sunflower seed, but higher for lentils and
chickpeas. Crop abandonment was generally lower than for 2006-07
and lower than normal. Quality was generally lower than for
2006-07, but higher than normal.
Total supply decreased by 6% to 5.28 Mt due to lower carry-in
stocks, causing exports, domestic use and carry- out stocks to
decrease. Average prices, over all types, grades and markets,
are forecast to increase from 2006-07 for dry peas, lentils, dry
beans, mustard seed, canary seed, sunflower seed and buckwheat,
but decrease marginally for chickpeas. The main factors to watch
are currency exchange rates, ocean shipping costs and crop
conditions in India, Pakistan, Mexico and the Middle East.
Full report:
http://www.seedquest.com/News/releases/2007/pdf/21214p.pdf |
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