Canary Seed Sell Signal

[dave4441]

So, given the known voracious appetite of birds ( the saying eats like a bird comes to mind), I assume the consumer isn't at all price sensitive. Could triple the cost of the raw product, and tweety would only cost a few dollars more to feed per year?

Yes and no. In some markets like Mexico its really important. They feed it pure to their caged birds. Mexico is 25% of the market. This adds to the price inelasticity which canary is known for. But at the same time, traders that import the grain don't want to get caught with inventory in a falling market as they will take a hit. They want to sell everything they can at these values and be left with no product as they expect high prices to fall back down to 30-40 cents eventually. We have to keep in mind that average person in México has a very low annual income/person so prices eventually do matter. We have alot of similar demand throughout Latin America from people whose income has to be a daily challenge.

EU blends alot of the canary (also 25% of the market) with other grains so will do least cost formula to reduce their costs like any other business would. This is what causes price elasticity in high value markets.

[TOM4CWB]

Canaryseed is exacting what it sounds like. Seeds for canary birds. 99.9% of all canary is used for birdfood although there was a recent registration for human consumption but it is very limited use so far.

A grass [sort of like timothy] Simular seeds to sesame seed... but most old varieties are very itchy... and designed to plug your combine when it gets just a little tough! Then half a day to unplug and then de-itch... Had...No CGC Bonds,Regulation... CWB had no control... but...

Canada Grain Act makes canaryseed official - The Western ...https://www.producer.com › news › canada-grain-act-m...
Jun 17, 2021 — All canaryseed producers will be able to submit canaryseed samples to the CGC's popular Harvest Sample Program, which offers no-fee quality ...

Cheers

[sumdumguy]

We’ve tried feeding Canaryseed to birds here at the ‘ranch’ and no one here cares for it. Guinea Hens like Finch Mix with lots of black seeds in it and non-medicated chick starter, but no thanx to the canaryseed.

[TOM4CWB]

We’ve tried feeding Canaryseed to birds here at the ‘ranch’ and no one here cares for it. Guinea Hens like Finch Mix with lots of black seeds in it and non-medicated chick starter, but no thanx to the canaryseed.

Imports In 2019 the top importers of Canary seed were Mexico ($17.9M), Brazil ($14.3M), Belgium ($13.4M), Indonesia ($6.17M), and Spain ($6.16M).

[Guest]

new varieties a little less itchy, and yield considerably less around here

[farming101]

Yes and no. In some markets like Mexico its really important. They feed it pure to their caged birds. Mexico is 25% of the market. This adds to the price inelasticity which canary is known for. But at the same time, traders that import the grain don't want to get caught with inventory in a falling market as they will take a hit. They want to sell everything they can at these values and be left with no product as they expect high prices to fall back down to 30-40 cents eventually. We have to keep in mind that average person in México has a very low annual income/person so prices eventually do matter. We have alot of similar demand throughout Latin America from people whose income has to be a daily challenge.

EU blends alot of the canary (also 25% of the market) with other grains so will do least cost formula to reduce their costs like any other business would. This is what causes price elasticity in high value markets.

Thanks for the comment. These realities about substitution, affordability and hot potato commodities that nobody wants to own for any longer than they have to can be applied to a lot of markets.