CNS — Agriculture and Agri-Food Canada’s Market Analysis Division released updated supply and demand estimates on July 22, lowering carryout stocks slightly for 2014/15 (Aug/Jul) pulse and specialty crops.
Ag Canada pegged 2014/15 specialty crop ending stocks at 800,000 tonnes, from the June estimate of 830,000 tonnes due to smaller supplies of peas and sunflowers. Ending stocks for 2013/14 were pegged at 685,000 tonnes, unchanged from the last report.
The seven major specialty and pulse crops are dry peas, lentils, dry beans, chick peas, mustard seed, canary seed and sunflower seed.
AgCanada pegged 2014/15 (Aug/Jul) total Canadian pulse production at 6.582 million tonnes, an increase from the June estimate of 6.445 million. The 2013/14 production estimate was at 6.476 million tonnes, from 6.453 million in the previous report.
Total exports of the seven major specialty and pulse crops are expected to be 5.190 million tonnes in 2014/15, up from last month’s estimate of 5.115 million tonnes. The 2013/14 export projection was up slightly at 4.913 million tonnes, from 4.903 million.
Domestic usage for 2014/15 is expected to be 1.395 million tonnes, up from 1.303 million tonnes in June. Domestic usage for 2013/14 was slightly higher at 1.658 million tonnes, from 1.645 million last month.
Terryn Shiells writes for Commodity News Service Canada, a Winnipeg company specializing in grain and commodity market reporting.