Canadian Grain Flowing as Pandemic Lockdowns Clear Railway Space
Canada exported record 959,900 tonnes of wheat in week ended May 10
Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space, reports Reuters.
Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries.
Canada exported a record 959,900 tonnes of wheat in the week ended May 10, although year-to-date volumes from Aug. 1 are behind. Canola exports are 8% ahead of the year-ago pace.
Major exporters include Richardson International, Viterra and Cargill.