In 2023, Canada's durum wheat supply stood at 6.70 million metric tons. From 2024 to 2028, forecasts indicate a gradual increase in supply, with annual increments ranging from 1.29% to 1.28% year-on-year. The 5-year compound annual growth rate (CAGR) is predicted at around 1.28%. This steady upward trend highlights an anticipated consistent rise in production levels over the period.
Future trends to watch for include:
- Climate change impacts on yield and production.
- Fluctuations in global demand affecting export opportunities.
- Technological advancements in agricultural practices.
