“Going forward, we’re expecting prices for the highest quality top milling grades to continue to increase,” said Olson. #harvest19 pic.twitter.com/kBpsFYGyUr — Josh Umscheid (@bigslicksprayin) October 8, 2019Klassen said the current strength in durum prices was tied to commercial traders in the middle, with large sales on the books they now need to cover. Lower quality durum will likely end up in domestic feed channels, but Klassen said the Southeast Asian fish feeding market has also been a buyer in the past. Canada’s 2019/20 durum crop is estimated at 4.998 million tonnes by Statistics Canada, which would be down from the 5.745 million tonnes grown the previous year. U.S. durum production is estimated at 1.560 million tonnes by the U.S. Department of Agriculture, down by about half a million tonnes from 2018/19.

Source: The North Africa Journal October 08, 2019 20:26 UTC