Monday, June 24, 2024

Saskatchewan Agri-Food Exports Up 75 Per Cent in First Quarter of 2023

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Saskatchewan’s agri-food exports are expected to rise to $6 billion in the first quarter of 2023, representing a 75% increase from the previous year. This increase demonstrates our dedication to ensuring global food security and consolidates Saskatchewan’s position as a major player in agricultural trade.

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Canola oil, canola seed, non-durum wheat, durum wheat, and lentils continue to be the most popular exports from Saskatchewan.

Agriculture Minister David Marit stated, “The strength and resilience of our agri-food sector is demonstrated by increased export numbers.” Exchange measurements like these support Saskatchewan’s manageability story universally, showing worldwide financial backers that Saskatchewan makers are in a magnificent situation to take care of this present reality and later on.”

The growth in export volume and value for the first three months of 2023 is being fueled by increased supply and high agri-food prices—in some cases by as much as 100% relative to 2021. Crop creation in Saskatchewan bounced back from the 2021 dry spell consequently multiplying the volume of Saskatchewan sends out for the initial three months of 2023.

The numbers for exports start strong in 2022, when Saskatchewan exported a record amount of agri-food products worth $18.5 billion. According to Saskatchewan’s Growth Plan, the sector is well on its way to increasing Saskatchewan’s agri-food exports to $20 billion by 2030. The numbers show this.

Saskatchewan continues to support the province’s agri-food sector’s expansion and development. Saskatchewan wants to strengthen its reputation as a dependable supplier of high-quality agricultural products by investing in research and development, fostering partnerships worldwide, and promoting trade opportunities.

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