Canada is now behind only Russia and the European Union when it comes to volumes of wheat exports
Canada is on track to be the world’s third-largest wheat exporter for the second year in a row as crop production in the prairie provinces continues to increase.
But Canada also ranked third for wheat production last year in spite of the drought, because Australian farmers suffered through their own weather-related challenges impacting crop volumes. Canada shipped close to 21.8 megatonnes of wheat to 65 countries in 2023-24, with the top five destinations being China, Indonesia, Japan, Bangladesh and the U.S., according to AAFC.
Global demand for wheat has also been growing. The USDA has projected global wheat consumption in 2024/25 will increase by 0.6 per cent, with increased demand from North America, the Middle East, and Southeast Asia. But Stewart Oke, a central Alberta farmer and a director with the producer organization Alberta Grains, said Canada continues to invest in crop research and development, which has allowed the country’s farmers to continue to increase their yields over time.
He added Canadian wheat exporters are also benefiting from the lower Canadian dollar, which makes the country’s agricultural commodities more attractive to global customers.
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