Informist, Tuesday, Oct 11, 2022
NEW DELHI – Agriculture and Agri-Food Canada has revised its production estimate upwards for masur for 2022-23 (Aug-Jul) to 2.78 mln tn, 12.9% higher than last month’s forecast, due to a rise in sowing area and higher yields, the agency said in its September report.
Agriculture and Agri-Food Canada is a Canadian government agency, responsible for policies governing production, processing, and marketing of all farm, food, and agri-based products.
Higher yields are expected because of improved crop condition in the western regions of Canada, it said in the report.
Canada’s farm agency projected acreage of masur at 1.75 mln ha in 2022-23, unchanged on month, and yield at 1,610 kg per ha, 12.6% higher than August’s outlook.
With the sharp rise in production, total supply of masur is forecast to increase by nearly 1.0 mln tn on year to 3.1 mln tn in the current season, and exports are seen going up nearly 44% year-on-year at 2.3 mln tn, the farm agency said in the report.
Similarly, exports of dry peas to China, the US, and Bangladesh are projected at 2.7 mln tn in 2022-23, up 41.4% from the previous year, due to higher production. China, the US, and Bangladesh are top importers of Canada’s dry peas.
Output of dry peas is pegged higher at 3.59 mln tn in 2022-23 from 3.30 mln tn projected in August, due to a likely higher productivity.
Yields of dry peas in 2022-23 is estimated at 2,700 kg per ha, up 9.3% from last month’s outlook, the report said.
Saskatchewan and Alberta are expected to account for 51% and 41% of the dry pea production, respectively. As a result, total supply is seen rising 11.6% to 4.05 mln tn in the ongoing season despite lower carry-in stocks.
Production of dry beans is also seen increasing 7% on month at 305,000 mln tn in 2022-23, while that of chana is predicted to rise 40.2% month-on-month to 157,000 mln tn due to improved yields, according to the report. End
Reported by Puja Das
Edited by Akul Nishant Akhoury
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to [email protected]
© Informist Media Pvt. Ltd. 2022. All rights reserved.
Source: Cogencis