Canada’s wood pellet exports forecast to grow 5%: USDA

The U.S. Department of Agriculture (USDA)’s Foreign Agriculture Service (FAS) is forecasting that Canada’s wood pellet production will remain stable and its exports will grow by five per cent.

In their annual report released last week, FAS Canada estimated the country’s producers totalled 3.5 million metric tons (MT) of wood pellets in 2021, and stated 2022 numbers are expected to be similar.

The report also noted about 90 per cent of that production was exported, and 2022 export numbers are expected to be even higher, with limited domestic demand.

Read the full report here.