Canada coarse grain exports to rise higher
Canada’s combined exports of coarse grains are expected to reach a new high in 2020/21 primarily led by barley. Corn exports are currently forecast to rebound from a year ago supported by demand in Europe, while rye exports mirror demand in the United States for food and feed use. Barley exports are currently forecast at 3.6 million tons for 2020/21. Canada’s export prospects to China, which is the top destination, have sharply improved since last year, because China has imposed anti-dumping and countervailing duties on barley from its top supplier, Australia. Moreover, China has been active in purchasing competitively priced feed grains as substitutes for domestic corn. For October 2020 through February 2021, barley exports to China are already at the same level as the amount exported for all of last year. Canada is the fifth-largest exporter of barley in the global market. For oats, Canada has been the top global exporter. Oats exports for 2020/21 are currently forecast at 2.0 million tons, the largest since 2007/08.
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