Canada is the world’s third largest exporter of grains. The country exported over $30 billion worth of grains in 2017 alone.
The export of grain from Canada is a huge industry that is only getting bigger and bigger. In 2017, the export value of grain was more than $30 billion which is a significant increase from what it was 5 years ago in 2012.
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Canada is the world’s fifth largest producer of wheat, and the third largest exporter of wheat. It is also the world’s second largest exporter of canola.
Canada’s total wheat production was valued at $6 billion annually in 2017. Canada exported over $5 billion worth of wheat in 2016.
The United States is Canada’s primary customer for both wheat and canola products, accounting for about 75 per cent of exports in both cases.
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Canada is the world’s largest exporter of wheat, canola, oats and pulses. The country is also one of the top 10 exporters of corn and soybeans.
Canada’s grain exports are largely directed to markets in Asia, Europe and South America.
The countries that import Canadian grain are mainly China, Japan, Mexico, South Korea and the United States.
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What are the Future Prospects for Canadian Grain Exports?
Introduction: Factors That Affect Canadian Grain Export
5 Factors That Affect Canadian Grain Exports
Canada has the 8th largest grain production in the world, and is the largest exporter of cereal grains. A large majority of Canada’s grains are exported because they are not consumed domestically. The factors that affect Canadian grain exports include: global demand, weather, water availability, and transportation costs. These factors have been very important to Canada’s economy because they have a direct affect on the demand for grains, which in turn affects the prices of those grains.
Canada is a large producer of cereals, but has a small population that consumes these cereals. As a
Canadian Grain Export Performance & Trends in Recent Years
Canadian exports of grain have increased by more than 50% since 2006. Canadian exports of wheat have increased by 67% since 2006.
Canadian exports of canola have increased by 36% since 2006. .In 2017-2018, Canadian grain exports were valued at $20.6 billion.In 2018-2019, Canada exported 1.2 million tonnes of wheat and was the fourth highest exporter of the world’s top 10 exporting nations with 8% of world’s total exports.Canada exported 751,000 tonnes of barley in 2018-2019 making it the sixth largest producer and exporter in the world over that time frame with 5%.
Canadian Government’s Efforts to Support Grain Exports
The Government of Canada has introduced a number of initiatives to support Canada’s grain sector, including:
- The AgriMarketing program, which provides grants to support the marketing of grains and oilseeds;
- The AgriStability program, which provides income stabilization through the supply management system for farmers;
- The AgriInsurance program, which provides insurance against certain risks in the farming sector;
- The AgriInnovation program, which provides risk management tools and other supports for producers;
- The Canadian Grain Commission, which ensures fair grain trade practices and monitors grain quality in Canada;- The Canadian Grain Commission’s Grain Quality Initiative, which provides support for Canadian grains farmers as they seek to maintain high quality grain.The Government of Canada is committed to continuing to support the agricultural sector through innovative and targeted programs that will help mitigate the effect of international trade on Canada’s food producers and processors.
Conclusion:
What Can Canada Do to Improve its Current Economic Position?
The Canadian economy has been performing relatively well in recent years. However, Canada still needs to address its high public debt and high unemployment rates. Canada could improve its economic position by investing in its physical infrastructure, improving work-life balance, and investing in the education of future generations.
Canada’s current economic position is not as good as it could be. To improve this position, the Canadian Parliament should focus on balancing the budget. This way, the Canadian dollar will be more stable and the government will have more room to maneuver in the event of a crisis. If Canada continues to run deficits, investors will be less willing to invest in Canada because they are not confident that the government will be able to pay them back.
The Canadian government can do many things to improve Canada’s current economic position. For example, the Canadian government could reduce the regulatory burden on businesses, create a more competitive rate of corporate taxation, and end tariffs on imported goods. Doing these things would encourage more international trade and make Canada more attractive for investors.
