MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission.
Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to China as of December 2022, well ahead of No. 2 customer Japan at only 1.272 million tonnes.
While China is always a major destination for many of Canada’s crops, the country accounted for 32 per cent of the 20.5 million tonnes of grain shipped through December. That compares with 2021-22 when Chinese business through five months represented 22 per cent of the total and the five-year average of 24 per cent.
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On a crop-by-crop basis, China has been the top destination in 2022-23 for Canadian wheat, canola, barley, soybeans and peas.
Canada has exported 1.74 million tonnes of wheat to China through December, marking 22 per cent of the total wheat sales. Canola business to China, at 1.756 million tonnes, represents roughly half of the total.
The 1.447 million tonnes of Canadian barley exports to China through December account for 94 per cent of the total movement to date. China accounts for 61 per cent of Canada’s pea exports through December and 40 per cent of the soybeans.
— Phil Franz-Warkentin reports for MarketsFarm from Winnipeg.
