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Mustard seeds: Canada slashes production estimates by 20%

January 24, 2022 4:42 PM, Der AUDITOR
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OTTAWA/MOSCOW. Agriculture and Agri-Food Canada has once again sharply cut production estimates. Prices will range higher than initially anticipated. Germany has stepped up buying by 74%.

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

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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