Ag Canada Forecasts Modest Chickpea Increase
WINNIPEG - Jan 26/16 - SNS -- In its latest monthly review of Canadian chickpeas Agriculture Canada's market analysis branch in Winnipeg released its first forecast for the 2016-17 marketing year. It is important to recall that Agriculture Canada forecasts are not based on objective surveys should be considered unofficial.
It predicts chickpea production this year will total 100,000 MT from 55,000 hectares, compared to 90,000 MT from 50,000 hectares last year.
Agriculture Canada forecasts exports will reach 75,000 MT in 2016-17, compared to an estimated 100,000 MT this season. Domestic use is forecast at 63,000 MT in the coming marketing year, versus 63,000 this season.
Season ending stocks are forecast to finish the 2015-16 marketing year at 60,000 MT, versus 125,000 last season. Agriculture Canada thinks the coming marketing year could finish with 30,000 MT of chickpeas on hand.
Agriculture Canada expects the average grower bid for all classes of chickpeas to range between $720 and $750 MT in 2015-16. It thinks the season average bid will range between $725 and $755 MT in 2016-17.
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