Mustard seeds: Canada slashes production estimates by 20%
January 24, 2022 at 4:42 PM ,
Der AUDITOR
Exports to range 30% lower
Agriculture and Agri-Food Canada expects prices to reach new heights in 2021/2022 as they will certainly more than double to CAD 2,080/mt. Issue is that heat and drought have extensively damaged production. With yields only ranging at 0.44 mt/ha production will certainly decline by 50% to as little as 50,000 mt as opposed to last year. This will be the smallest production on record.
|
Mustard seeds, Canada |
2019/20 vs 2020/21 |
2020/21 vs 2021/22 |
||||
|
Area sown (ha) |
161,000 |
104,000 |
-35.4% |
104,000 |
125,000 |
20.2% |
|
Area harvested (ha) |
155,000 |
101,000 |
-34.8% |
101,000 |
113,000 |
11.9% |
|
Yields (mt/ha) |
0.87 |
0.98 |
12.6% |
0.98 |
0.44 |
-55.1% |
|
Production (mt) |
135,000 |
99,000 |
-26.7% |
99,000 |
50,000 |
-49.5% |
|
Imports (mt) |
7,000 |
6,000 |
-14.3% |
6,000 |
7,000 |
16.7% |
|
Total supplies (mt) |
214,000 |
166,000 |
-22.4% |
166,000 |
97,000 |
-41.6% |
|
Exports (mt) |
112,000 |
111,000 |
-0.9% |
111,000 |
70,000 |
-36.9% |
|
Domestic consumption (mt) |
42,000 |
15,000 |
-64.3% |
15,000 |
17,000 |
13.3% |
|
Carry-over stocks (mt) |
61,000 |
40,000 |
-34.4% |
40,000 |
10,000 |
-75.0% |
|
Avg price in CAD/mt |
700 |
885 |
26.4% |
885 |
2,080 |
135.0% |
|
Agriculture and Agri-Food Canada |
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Germany steps up buying in Russia by 84%
Germany imported 13,756 mt of mustard seeds* between September and November as data issued by the Federal Statistical Office shows. This is 74% up on the same period in 2020. At 9,300 mt shipments from Russia have nearly doubled. Shipments from Ukraine, by contrast, range 1% lower at 1,939 mt, whereas shipments from Canada have nearly tripled by 255% to 1,486 mt. Kazakhstan even managed to step up shipments to Germany by 627% to 480 mt. In Europe, the spot market prices for golden mustard seeds presently range at EUR 1.36/kg (USD 1.54/kg) EXW Hungary.
*12075090 Mustard seeds, whether or not broken (excl. for sowing)
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