SATELLITE VIEW
if you look at all commodities and major grains, China is diversifying its sourcing away from North America. The political landscape has played a big role. When you look at the calendar year basis, we did 1.4 MMT in 2022, 1.6 MMT in 2023, and for the crop year 2023/24, imports will finish around 1.02 MMT. Next year, I think we'll do around 1 MMT again because we've been able to do the edible business – green peas and yellow peas combined. Russia has basically taken over the feed side. What factors will affect next year’s exports to China? It really depends on what India does. If we maintain market share in India and their imports stay open until the end of October, that is the constellation that doesn't hurt Canada very much. If India closes, we would perhaps be forced to compete a little harder if we have a very good crop. I tend to think that India will keep buying
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