INTERNATIONAL NEWS DETAILS

AAFC lowers Canadian wheat ending stocks outlook

AAFC lowers Canadian wheat ending stocks outlook

Photo: Adobe stock
12.30.2019
By Jay Sjerven






TORONTO, ONTARIO, CANADA — Agriculture and Agri-Food Canada (AAFC) on Dec. 19 forecast Canadian all-wheat ending stocks in 2019-20 at 5.85 million tonnes, down 150,000 tonnes from the November projection and down 66,000 tonnes, or 1.1%, from 5.916 million tonnes in 2018-19. Canadian all-wheat production in 2019 was estimated at 32.348 million tonnes based on the Statistics Canada November farm survey of crop production. The revised estimate was down 144,000 tonnes from the November number but up 147,000 tonnes from 32.201 million tonnes in 2018.
The Canadian all-wheat supply in 2019-20 was forecast at 38.348 million tonnes, down 144,000 tonnes from the November outlook and down 415,000 tonnes, or 1.1%, from 38.799 million tonnes in 2018-19. AAFC lowered its forecast for 2019-20 wheat exports by 100,000 tonnes, to 23.6 million tonnes. Domestic use of wheat in 2019-20 was projected at 8.934 million tonnes, up 106,000 tonnes from November based on an increase of the same amount for feed, waste and dockage to 4.363 million tonnes.

AAFC forecast 2019-20 durum ending stocks at 850,000 tonnes, down 150,000 tonnes from the November projection and down 49% from 1.676 million tonnes in 2018-19. AAFC lowered its durum production estimate to 4.977 million tonnes, down 21,000 tonnes from the November projection and down 768,000 tonnes, or 13%, from 5.745 million tonnes in 2018.
The 2019-20 durum supply was forecast at 6.678 million tonnes down 21,000 tonnes from the previous projection and down 516,000 tonnes, or 7%, from 7.194 million tonnes in 2018-19. AAFC forecast 2019-20 durum exports at 4.8 million tonnes, up 100,000 tonnes from November and up 274,000 tonnes, or 6%, from 4.526 million tonnes in 2018-19. Domestic durum use in 2019-20 was forecast at 1.028 million tonnes, up 29,000 tonnes from the November outlook and up 35,000 tonnes, or 3.5%, from 993,000 tonnes in the previous year.
AAFC projected 2019-20 wheat excluding durum ending stocks at 5 million tonnes, unchanged from November and up 760,000 tonnes, or 18%, from 4.24 million tonnes in 2018-19. AAFC lowered its 2019 production estimate for wheat excluding durum to 27.371 million tonnes, down 123,000 tonnes from November but up 915,000 tonnes, or 3.5%, from 26.456 million tonnes in 2018. Included in the production estimate were 22.17 million tonnes of Canadian western red spring wheat and 1.7 million tonnes of winter wheat.
The total supply of wheat excluding durum in 2019-20 was projected at 31.706 million tonnes, down 123,000 tonnes from November but up 101,000 tonnes from 2018-19. Wheat excluding durum exports in 2019-20 were forecast at 18.8 million tonnes, down 200,000 tonnes from November and down 964,000 tonnes, or 4.9%, from 19.764 million tonnes in 2018-19. Domestic use of wheat excluding durum in 2019-20 was forecast at 7.906 million tonnes, up 77,000 tonnes from November and up 305,000 tonnes, or 4%, from 7.601 million tonnes in 2018-19.

TESTIMONIALS

CONTACT US

  • Plot No. 30/25, Knowledge Park - III,
    Greater Noida - 201306, Uttar Pradesh
    (NCR Delhi)-India
  • +91-120-2428800
Designed by Media Solutions