Flaxseed: Canada's production to rise by 30%
October 5, 2022 at 10:39 AM ,
Der AUDITOR
High yields prompt revisions
Agriculture and Agri-Food Canada (AAFC) has revised several estimates for 2022/2023. Although the area harvested is expected to decline from 310,000 ha to 303,000 ha, average yields are to rise from 1.36 mt/ha to 1.53 mt/ha. This year's production should, therefore, climb by 30% to 465,000 mt as compared with last year. However, it should be noticed that this year's production still ranges well below the 5-year moving average.
Harvesting is 50% complete in Canada as Rayglen Commodities report. Although the quality is reported to be good, AAFC may have to revise some estimates. The plants are still developing in some parts of the country.
Promising as the outlook for the new crop is, the United States will certainly remain the main buyer for Canadian flaxseed. While smaller volumes will be shipped to Europe, shipments to China are expected to decline sharply as Russia is reckoning with a record production. Canada will definitely not be able to compete with the attractive prices offered here. As the pressure is on AAFC estimates that average prices will range 43% lower than last year at CAD 690/mt.
|
Flaxseed, Canada |
2020/21 |
2021/22 |
Diff. |
2021/22 |
2022/23 |
Diff. |
|
Area sown (ha) |
377,000 |
416,000 |
10.3% |
416,000 |
315,000 |
-24.3% |
|
Area harvested (ha) |
371,000 |
404,000 |
8.9% |
404,000 |
303,000 |
-25.0% |
|
Yields (mt/ha) |
1.56 |
0.86 |
-44.9% |
0.86 |
1.53 |
77.9% |
|
Production (mt) |
578,000 |
346,000 |
-40.1% |
346,000 |
465,000 |
34.4% |
|
Imports (mt) |
26,000 |
12,000 |
-53.8% |
12,000 |
10,000 |
-16.7% |
|
Total supplies (mt) |
667,000 |
417,000 |
-37.5% |
417,000 |
560,000 |
34.3% |
|
Exports (mt) |
505,000 |
219,000 |
-56.6% |
219,000 |
375,000 |
71.2% |
|
Consumption (mt) |
103,000 |
113,000 |
9.7% |
113,000 |
95,000 |
-15.9% |
|
Carry-over supplies (mt) |
59,000 |
85,000 |
44.1% |
85,000 |
90,000 |
5.9% |
|
Avg. CAD/mt |
693 |
1,206 |
74.0% |
1,206 |
690 |
-42.8% |
|
Agriculture and Agri-Food Canada |
||||||
Firm prices for brown flaxseed
The prices for cleaned brown flaxseed from Eastern Europe have remained firm at EUR 920/mt DDP Germany and for organic brown flaxseed at EUR 1,530/mt DDP Germany. Golden flaxseed has, however, gained in price and is currently quoted at EUR 1,150/mt DDP Germany.
|
Flaxseed, Eastern Europe |
|
|
Quality |
EUR/mt |
|
Brown, 99.9% purity |
920 |
|
Organic, brown, 99.9% purity |
1,530 |
|
Golden, 99.9% purity |
1,150 |
|
DDP Germany |
|
View more
- price chart, flaxseed, brown, 99.9% purity, Eastern Europe
- more price charts
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