Canadian grain exports behind on year due to poor Chinese demand
Source: MarketsFarm, Producer.com, January 31, 2020
Winnipeg, (MarketsFarm) – Canadian grain exports from licensed facilities are running well behind the previous year’s pace, due primarily to a sharp reduction in movement to China, according to latest monthly data from the Canadian Grain Commission.
Total 2019/20 (Aug/Jul) exports of Canada’s grain, oilseed and pulse crops as of the end of December came in at 17.6 million tonnes. That compares with the 20.7 million tonnes moved during the same five-month period the previous year. Of the totals, China was the top destination in both years, but took 7.5 million tonnes in 2018/19 and only 2.4 million tonnes in the current marketing year.
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