Ottawa, Canada
October 24, 2008Source:
Agriculture and
Agri-Food Canada (AAFC)
Grains and oilseeds outlook
Canadian production of grains and
oilseeds (G&O) for 2008-09 is estimated by Statistics Canada at
a record 68.1 million tonnes (Mt), up from 60.7 Mt in 2007-08.
Total supply is forecast to increase by only 4.4 Mt from 2007-08
because the increased production is partially offset by lower
carry-in stocks. The western Canadian harvest has been delayed
by late maturity and wet weather, so that quality of the wheat
and barley crops is expected to be lower than for the past two
years but near the long term average. The main factors to watch
are: the crop prospects for US corn and soybeans, the
unprecedented volatility of commodity markets, the impacts of
the US and European credit crisis, and potential global economic
slowdown.
Full report:
http://www.seedquest.com/News/releases/2008/pdf/24121g.pdf
Pulses and special crops
outlook
(dry peas, lentils, dry beans, chick peas, mustard seed, canary
seed, sunflower seed, buckwheat)
For 2008, total production of
pulse and special crops in Canada is estimated to rise by 17% to
5.3 million tonnes (Mt), based on Statistics Canada (STC)
production estimates. Total supply is forecast to increase by
13% because the increased production is partially offset by
lower carry-in stocks. The harvest is near completion except for
sunflowers, which are normally harvested later than the other
crops. Quality is expected to be normal, assuming normal weather
conditions during the remainder of the harvest period. The risk
of frost damage is generally low for unharvested fields due to
the advanced stage of development.
Total exports of pulse and special crops are forecast to be
similar to a year ago at 3.9 Mt. Total carry-out stocks are
expected to rise by 58% to 0.8 Mt. Carry-out stocks for dry peas
and lentils are expected to rise sharply but remain low for the
other pulse and special crops. Average prices, over all types,
grades and markets, are forecast to remain similar to or
increase from 2007-08 for all pulse and special crops, with the
exception of dry peas. The other main factors to watch are: the
volatility of commodity markets, the impacts of the US and
European credit crisis, the Canada-US dollar exchange rate and
the planting progress of pulse crops on the Indian subcontinent.
Full report:
http://www.seedquest.com/News/releases/2008/pdf/24121p.pdf
|
|
