Flaxseed: higher yields anticipated
June 9, 2022 at 11:23 AM ,
Der AUDITOR
Yields to drive up supplies
Agriculture and Agri-Food Canada is highly optimistic that the sharp rise in yields will compensate for the decline in sowing in 2022/2023. While yields are expected to range 16% lower at 351,000 ha, yields should range 57% higher than last year at 1.35 mt/ha and drive up production by 35% to 466,000 mt. Although carry-overs are set to decline by 41% this season, total supplies will range 51% higher at 625,000 mt in 2022/2023.
|
Flaxseed, Canada |
2020/21 |
2021/22 |
Diff. |
2021/22 |
2022/23 |
Diff. |
|
Area sown (ha) |
377,000 |
416,000 |
10.3% |
416.,000 |
351,000 |
-15.6% |
|
Area harvested (ha) |
371,000 |
404,000 |
8.9% |
404,000 |
344,000 |
-14.9% |
|
Yields (mt/ha) |
1.56 |
0.86 |
-44.9% |
0.86 |
1.35 |
57.0% |
|
Production (mt) |
578,000 |
346,000 |
-40.1% |
346,000 |
466,000 |
34.7% |
|
Imports (mt) |
26,000 |
10,000 |
-61.5% |
10,000 |
10,000 |
0.0% |
|
Total supplies (mt) |
667,000 |
415,000 |
-37.8% |
415,000 |
625,000 |
50.6% |
|
Exports (mt) |
505,000 |
300,000 |
-40.6% |
285,000 |
385,000 |
35.1% |
|
Domestic consumption (mt) |
103,000 |
80,000 |
-22.3% |
100,000 |
76,000 |
-24.0% |
|
Carry-over supplies (mt) |
59,000 |
35,000 |
-40.7% |
35,000 |
45,000 |
28.6% |
|
Avg price in CAD/mt |
693 |
1,250 |
80.4% |
1,250 |
1,100 |
-12.0% |
|
Agriculture and Agri-Food Canada |
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Kazakhstan fills the gap
Prices are far from stable for flaxseed at present as Rayglen Commodities reports. Kazakhstan has successfully filled any gaps left by Russia, after the brutal attacks on Ukraine, so far and China has sufficient supplies at its disposal. Shipments from Kazakhstan to Germany, by contrast, declined by 20% to 16,498 mt between September and March as compared with the same period in 2020/2021. The country mainly relies on imports from Russia, which rose by 10.7% to 24,510 mt in the same period. Total flaxseed shipments to Germany, however, declined by 17.2% to 71,903 mt as recently issued data by the Federal Statistical Office of Germany shows. Shipments from Canada even slumped by 58.9% to 4,996 mt. European spot market prices have declined nominally this week. The prices for brown flaxseed from Ukraine, for instance, range at EUR 1.12/kg (USD 1.20/kg) FCA Poland.
|
Flaxseed, Ukraine |
|
|
Quality |
EUR/mt |
|
Brown, 99.9% purity |
1,120 |
|
Golden, 99.9% purity |
1,410 |
|
FCA Poland, big bags |
|
View more
- price chart, flaxseed, brown, 99.9% purity, Eastern Europe
- more price charts
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