24 Feb 2010
Canadian farmers will produce 9 percent less wheat this year as big global supplies and lower prices cause the world’s top exporter of spring wheat and durum to look to other crops, the Canadian Wheat Board said. Canada will harvest a crop of 24 million tonnes of all wheat in 2010 compared with 26.515 million tonnes last year, the Wheat Board said, which is in line with its previous forecast of Jan. 15. That would be its smallest harvest in three years, but in line with the 10-year average. Global wheat production is forecast to fall 3.7% to 651 million tonnes in 2010, but the estimate is up 7 million tonnes or 1% from the Wheat Board’s last estimate on Jan. 15.