Mustard seeds: EU imports from Canada shrink significantly
May 4, 2023 at 1:00 PM ,
Der AUDITOR
Crop forecast is in doubt
The official crop forecast for the 2023/2024 Canadian mustard seed season remains unchanged from the previous report. A slight increase in acreage to 230,000 ha is expected, plus yields could rebound to 0.86 mt/ha under normal conditions. This could result in a 17% increase in production over the previous year to 190,000 mt. In total, 237,000 mt of mustard seeds would thus be available for the coming season.
Market players such as the experts at Rayglen Commodities, however, question the official cultivation forecast, but at the same time admit that an above-average amount of seeds has indeed been sold for the coming season. How big this year's crop will turn out in the end remains to be seen, however. Growers who have already started sowing report good conditions.
|
Mustard seeds, India |
|
|
Quality |
USD/mt |
|
Brown, large, mechanically cleaned |
1,040 |
|
Yellow, mecanically cleaned |
1,170 |
|
CFR Hamburg |
|
EU imports became significantly more expensive
The EU imported around 93,674 mt of mustard seeds worth USD 128.835 million from third countries in 2022. This means that the import volume decreased by 7.6% year-on-year, while the import value even increased by a whopping 78.7%. The average import price rose from EUR 0.71/kg to EUR 1.38/kg compared to the previous year. Russia remains by far the most important supplier to the EU with 41,061 mt. Shipments from Canada (-33% to 19,670 mt), Ukraine (+2% to 11,823 mt) and Uruguay (-60% to 4,538 mt) declined year-on-year, while imports from Argentina (+115% to 7,271 mt), Kazakhstan (+88% to 3,524 mt) and India (+642% to 3,524 mt) increased.
|
Mustard seed* imports, EU, in mt |
|||
|
Supplier |
2021 |
2022 |
Diff. |
|
Russia |
41,282 |
41,061 |
-0.5% |
|
Canada |
29,129 |
19,670 |
-32.5% |
|
Ukraine |
12,012 |
11,823 |
-1.6% |
|
Argentina |
3,385 |
7,271 |
114.8% |
|
Uruguay |
11,199 |
4,538 |
-59.5% |
|
Kazakhstan |
1,870 |
3,524 |
88.4% |
|
India |
378 |
2,803 |
641.5% |
|
Moldova |
795 |
1,246 |
56.7% |
|
USA |
753 |
911 |
21.0% |
|
New Zealand |
480 |
726 |
51.3% |
|
Others |
130 |
101 |
-22.3% |
|
Total |
101,413 |
93,674 |
-7.6% |
|
European Commission / Eurostat (Comext) *12075090 Mustard seeds, whether or not broken (excl. for sowing) |
|||
View more
- price charts on oilseeds, grains, nuts, dried fruit, spices and more
View related articles
