Mustard seeds: cultivation forecast raised by 20%
July 28, 2022 at 10:27 AM ,
Der AUDITOR
Canadian mustard seed shipments to Germany increase
German mustard seed imports increased by more than half year-on-year in the period September 2021 to May 2022. The most important supplier by far was Russia, which shipped 19,818 mt to Germany - a full 62% more than in the same period last year. The second and third most important suppliers were Ukraine with 5,735 mt (+5%) and Canada with 3,858 mt (+90%). May imports from Canada were a whopping 907 mt, almost four times as much as in the same month last year and the best figure since January 2020. The average monthly imports this season were just 429 mt, last season (Sep-May) even only 226 mt. In total, German imports were 30,400 mt in the period mentioned.
Prices for yellow mustard seeds, Sinapis Alba, 99.95% purity are currently at a level of EUR 1.79/kg FCA Poland on the European spot market.
|
Mustard seed* imports, Germany, in mt |
|||
|
Supplier |
2020/21 |
2021/22 |
Diff. |
|
Russia |
12,225 |
19,818 |
62.1% |
|
Ukraine |
5,477 |
5,735 |
4.7% |
|
Canada |
2,032 |
3,858 |
89.9% |
|
Czech Republic |
477 |
1,055 |
121.2% |
|
Estonia |
873 |
854 |
-2.2% |
|
Kazakhstan |
220 |
818 |
271.8% |
|
India |
13 |
652 |
4,915.4% |
|
Poland |
466 |
353 |
-24.2% |
|
USA |
0 |
350 |
- |
|
Others |
814 |
507 |
-37.7% |
|
Total |
22,131 |
34,000 |
53.6% |
|
Federal Statistical Office of Germany / Sep-May *12075090 Mustard seeds, whether or not broken (excl. for sowing) |
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Production could increase by 250%
Canada's mustard seed crop could be even better than expected this year. StatsCan significantly corrected the 2022/2023 season forecast in the current report. The estimate for this year's acreage was raised by the experts by a good 20% compared to the reports of recent months, while the yield forecast remains unchanged. Under optimal conditions, the Canadian mustard seed crop could thus increase by 250% year-on-year to 175,000 mt, after drought and heat reduced production to a 40-year low in 2021. The new crop is also getting closer and prices are slowly declining. Nevertheless, the price forecast for 2022/2023 is still at a comparatively high level of just over CAD 2,000/mt.
|
Mustard seeds, Canada |
2020/21 |
2021/22 |
Diff. |
2021/22 |
2022/23 |
Diff. |
|
Area sown (ha) |
104,000 |
125,000 |
20.2% |
125,000 |
225,000 |
80.0% |
|
Area harvested (ha) |
101,000 |
113,000 |
11.9% |
113,000 |
217,000 |
92.0% |
|
Yield (mt/ha) |
0.98 |
0.44 |
-55.1% |
0.44 |
0.81 |
84.1% |
|
Production (mt) |
99,000 |
50,000 |
-49.5% |
50,000 |
175,000 |
250.0% |
|
Imports (mt) |
6,000 |
15,000 |
150.0% |
15,000 |
7,000 |
-53.3% |
|
Total supplies (mt) |
165,000 |
105,000 |
-36.4% |
105,000 |
182,000 |
73.3% |
|
Exports (mt) |
111,000 |
105,000 |
-5.4% |
105,000 |
110,000 |
4.8% |
|
Domestic consumption (mt) |
15,000 |
0 |
-100.0% |
0 |
42,000 |
- |
|
Carry-over stocks (mt) |
40,000 |
0 |
-100.0% |
0 |
30,000 |
- |
|
Avg price in CAD/mt |
885 |
3,000 |
239.0% |
3,000 |
2,050 |
-31.7% |
|
Agriculture and Agri-Food Canada |
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