(Bloomberg) -- Canada's wheat production will rise 11 percent this year to 30.5 million metric tons, while canola output will probably decrease, according to a government report.
Wheat output will increase from 27.6 million tons in 2015, Statistics Canada said Tuesday from Ottawa. It would be only the second time in 25 years that total wheat production exceeds 30 million tons, said the agency, which interviewed about 13,100 farmers from July 21 to Aug. 4.
Analysts in a Bloomberg survey estimated the 2016 crop to reach 30.2 million tons.
Canola production will drop to 17 million tons, from 17.2 million, the agency said. Analysts forecast 17.7 million.
To contact the reporter on this story: Jen Skerritt in Winnipeg at jskerritt1@bloomberg.net.
To contact the editors responsible for this story: Millie Munshi at mmunshi@bloomberg.net, Chris Fournier
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
