Mustard seeds: Canadian crop fails to meet expectations
August 29, 2024 at 4:55 PM ,
Der AUDITOR
EU increases imports from Ukraine
In the first two months of the 2024/2025 season (01.07.-24.08.2024), a total of 10,114 mt of mustard seeds were imported into the EU from third countries, a year-on-year decrease of 15.2%. This is partly due to the fact that imports from Russia (-93.3% to 504 mt) fell significantly. Since 1 July, imports from Russia into the EU have been subject to higher import duties. In contrast, however, imports from countries such as Canada (+23.4% to 4,171 mt), Ukraine (+2,322% to 3,851 mt) and Kazakhstan (+284.7% to 1,431 mt) have risen considerably. The main importers in the EU were Poland (-52.7% to 2,540 mt), the Netherlands (+835.6% to 2,470 mt) and Germany (-3.9% to 2,440 mt).
In the period from September 2023 to June 2024, Germany imported 51,849 mt of mustard seeds, an increase of 19.1% compared to the same period in the previous year. Shipments from Russia had increased significantly once again before the introduction of higher import duties, rising by 44.1% year-on-year to 26,455 mt. Imports from Ukraine (+287.6% to 14,826 mt) and Poland (+24.7% to 2,215 mt) were also higher, while shipments from Canada (-56% to 6,246 mt) and the Czech Republic (-69.7% to 1,009 mt) declined.
|
EU mustard seed imports, in mt |
|||
|
Supplier |
2023/24 |
2024/25 |
Diff. |
|
Canada |
3,381 |
4,171 |
23.4% |
|
Ukraine |
159 |
3,851 |
2322.0% |
|
Kazakhstan |
372 |
1,431 |
284.7% |
|
Russia |
7,486 |
504 |
-93.3% |
|
India |
75 |
88 |
17.3% |
|
Others |
456 |
69 |
-84.9% |
|
Total |
11,929 |
10,114 |
-15.2% |
|
DG AGRI TAXUD Customs Surveillance System, 01/07-24/08 12075090 Mustard seeds, whether or not broken (excl. for sowing) |
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Yields fall short of expectations
The Canadian mustard seed market is very quiet these days, with both buyers and sellers holding back. StatsCan has reduced its crop forecast by around 15% compared to previous estimates for this season. According to the experts at Rayglen Commodities, although the plants in the fields appear to be looking good, yields are not expected to meet expectations, which until recently were still at 0.94 mt/ha, but have now been reduced to 0.8 mt/ha. In 2023, the average yield was only 0.68 mt/ha, indicating a recovery compared to previous years, even if this is not happening as quickly as hoped. The acreage is said to have fallen by 5.4% year-on-year to 237,400 ha, but thanks to the increase in yield, production is still expected to rise by 11.9% to 191,000 mt. According to Rayglen Commodities, the crops in countries such as Russia and the USA will also be decisive for the price trend on the Canadian market.
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