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Canada affirms view for small rise in wheat output
01.03.2011 15:02 "Agro Perspectiva" (Kyiv) —
Canadas monopoly
wheat exporter maintained
its forecast for a small rise in
production from the worlds No.
3 seller this year, but offered a
slightly more upbeat forecast
for global output.
The outlook from the Canadian
Wheat Board, one of the
worlds biggest grain marketers,
offers modest relief for
millers who have been hurt this year by an acute shortage
of higher-quality wheat following excessive moisture in
Western Canada last year and flooding in Australia.
It also underscores the intense competition among cash
crops this year, with wheat still struggling to take acres
from canola, corn and soybeans. Production of durum,
used to make pasta, is expected to rise by about a quarter
in Canada, but will remain flat globally at about 35 million
tonnes.
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