Statistics Canada's release of exports of grains, by final destination for April shows 42,188 metric tons of all-wheat flour was exported in April, measured in grain equivalents. This is defined as red spring flour, durum wheat flour, white winter flour and flour not elsewhere specified. This is the largest monthly volume shipped since February 2015.
Over the past two months of March and April, a total volume of 77,574 mt was exported, the largest volume shipped over two months since August/September of 1991.
As seen on the attached chart, Canada's cumulative all-wheat exports are reported at 277,930 mt in the August-through-April period, already higher than the 10-year average and poised to exceed the recent high of 340,072 mt shipped in 2016/17.
According to the International Grains Council, global trade in flour will reach 17.1 million metric tons in 2017/18 after reaching a record 17.4 mmt in 2016/17. Current estimates suggest global trade could slip slightly in 2018/19 to 17 mmt.
While Canada may face challenges in world trade linked to location and cost structures, volumes are showing a modest increase during a period when global trade has stalled at recent levels.
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