Due to drought in Canada, wheat shortages may occur on world markets
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The driest start of the year in Canada in 45 years could lead to a reduction in the harvest and threaten a shortage of wheat in world markets, reports Bloomberg.
“Trying to get the seeds to the right depth in the soil becomes something of an art because you usually have to plant in a moist environment,” Bill Pribylsky, vice president of the Canadian Agricultural Producers Association, told reporters.
Experts talk about minimal precipitation in key Canadian agricultural regions. Commodity Weather Group meteorologist David Strait told Bloomberg that since September 1, 2022, the provinces of Saskatchewan and neighboring Alberta and Manitoba (all on the Canadian Prairies) have received less than 60% of average rainfall. This data is also confirmed by the Government of Canada, which informs about a “serious drought” in a number of agrarian regions of the country.
As the agency writes, Canada is the world’s largest producer of canola and a major exporter of wheat, so a crop failure could lead to grain shortages around the world. In 2021, Canada exported 26 million tons of grain, second only to Russia and the United States.
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