Production exceeds expectations in Canada
As Agriculture and Agri-Food Canada has recently reported the area harvested has exceeded expectations. The area sown in 2020 ranges at 337,000 ha, of which 371,000 ha were harvested. This is nearly 10% up on 2019. At 1.56 mt/ha yields may range below expectations, they are, however, 9% up on 2019. Demand is anticipated to drive up exports to 500,000 mt in 2020/2021, whereas exports only reached 350,000 mt in 2019/2020. This should also drive up prices, especiall since they remain high in Eastern Europe.