Canada Farmers Saw Higher Canola Prices in Most Provinces in April

By Robb M. Stewart

OTTAWA--Prices received by Canadian farmers for Canola rose across most of the country in April, while prices for durum wheat continued to fall and other wheat varieties were mixed.

Monthly canola prices were up in all provinces except Quebec, Statistics Canada said Monday. Alberta logged the largest increase in April, with a rise of 7.7% after seven consecutive monthly price declines. Compared with a year earlier, canola prices fell in all provinces in April, led by a 23.3% drop in Ontario.

Farmers in both major durum wheat-producing provinces recorded a seventh straight month-over-month drop in prices, with a fall of 3.0% in Alberta and 1.9% in Saskatchewan in April, the data agency said. Prices were down at least 10.5% compared with a year earlier.

Prices for wheat excluding durum varied across the provinces in April compared with March, with Quebec farmers seeing the biggest increase at 6.6%, while Prince Edward Island farmers experienced the largest decrease with a fall of 3.0%. On a year-over-year basis, prices for wheat excluding durum dropped in all provinces, with Manitoba and Saskatchewan leading the declines in April, Statistics Canada said.

Write to Robb M. Stewart at [e-mail]

(END) Dow Jones Newswires

06-10-24 0944ET