Ag Exports Contribute to Widening of Trade Surplus

Nov 03, 2022

A turnaround in Canadian agricultural production in 2022 helped to contribute to the widening of Canada's merchandise trade surplus in September.

A Statistics Canada report Thursday showed Canada's merchandise trade surplus with the world widened to $1.1 billion in September from $550 million in August, as exports increased (+1.3%) and imports declined (-0.4%). Most of the overall increase in exports in September was driven by farm, fishing, and intermediate food products, with shipments increasing 16.7%.

Exports of wheat, which rose in July before decreasing in August, were up sharply in September, jumping more than 65% in the wake of a much larger harvest in 2022 compared to a year earlier when drought ravaged crops across Western Canada. Exports of canola nearly doubled in September, with higher production beginning to influence shipments as well.

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Video: Democratizing Gene Editing - Pairwise’s Vision for the Future of Agriculture

Pairwise has built its business around an idea that runs counter to how many companies approach innovation: make transformative technology easier to access.

In this Seed World interview, CEO Tom Adams discusses why broader access to gene editing could speed crop improvement, expand innovation opportunities and help agriculture address emerging challenges. He explains why Pairwise believes no single company can solve all of agriculture's problems alone—and why making advanced breeding technologies available to more organizations could accelerate progress across the industry.

The conversation explores how consumer trust influences technology adoption, why innovations like pitless cherries and seedless blackberries matter beyond convenience, and how future crop improvements could help address labor shortages, automation, harvest efficiency and other production challenges. Adams also shares his perspective on what the industry may be underestimating about the next wave of gene editing innovation.

Watch the full interview to hear why Pairwise believes agriculture is approaching an important inflection point for gene editing, and why the pace of innovation over the next decade could surprise the industry.

Topics Covered:

o Democratizing agricultural innovation

o Consumer trust and technology adoption

o The business case for sharing innovation

o Expanding innovation beyond major crops

o Next-generation breeding technologies