Chinese leader expresses support for continuation of Black Sea Grain Initiative.

Country projected to set records for acreage and production in 2023-24.

Production increasing due to high prices.

Three plants to get upgrades for canola, cottonseed processing.

Economic slowdown, persistent inflation are key factors.

Would be largest crop in nine years.

Overall net income climbs 11% in Q1.

Traders say it’s to protect agricultural sector ahead of national election. 

Grain, fertilizer revenue up 43% as railroad generates C$4.31 billion.

Shipments forecast at 14.3 million tonnes, still well below the five-year average.