FRACTIONS: A STORY IN 4 CHARTS 2 CANADA
Production of both reds and greens will increase YoY. Prices for reds in the first two weeks of June peaked at $775 to Turkey and $755 to India, with forward shipments hitting $765 and $750, respectively. In greens, prices for June/July shipments hovered around $1500 to Turkey and $1475 to India with forward shipments at around $1,180 to both. India remains the biggest buyer of Canadian reds, taking 41% of exports in the last five years, followed by Turkey at just under a third. For greens, demand in the last four years has been dominated by Algeria and UAE, both taking 24% of Canadian production.
OF CANADIAN REDS GO TO INDIA 41%
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