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Mustard seeds: EU imports from Ukraine 29% up

February 28, 2024 at 3:52 PM , Der AUDITOR
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OTTAWA/BRUSSELS. Agriculture and Agri-Food Canada has revised the estimates for the 2024/2025 mustard seed season. Competition is fierce and demand sluggish for suppliers in Canada. Ukraine may have upped its shipments to the EU by 29% but Russia still is the top supplier.

Fierce competition

As overseas demand remains sluggish trading activities are still rather limited in Canada. US buyers are not showing much interest and only few enquiries have been issued for yellow mustard seeds as Rayglen Commodities report. Competitors from Russia and Ukraine are also very active in Europe and Asia, which is limiting opportunities for suppliers in Canada.

Agriculture and Agri-Food Canada has also revised the estimates for the 2024/2025 season. Although the area sown is still estimated 13% lower than last year at 225,000 ha and yields still range at 0.78 mt/ha, export estimates have been revised downwards by 8% to 110,000 mt. Contrary to this, domestic consumption should range around 30% higher at 42,000 mt than anticipated in the previous report. Carry-in supplies will compensate for the small downturn in production with total supplies estimated 11% higher than in the current marketing year and average prices are set to decline by 9% to CAD 1,275/mt.

Mustard seeds, Canada

2022/23

2023/24

Diff.

2023/24

2024/25

Diff.

Area sown (ha)

225,000

258,000

14.7%

258,000

225,000

-12.8%

Area harvested (ha)

219,000

251,000

14.6%

251,000

217,000

-13.5%

Yields (mt/ha)

0.74

0.68

-8.1%

0.68

0.78

14.7%

Production (mt)

162,000

171,000

5.6%

171,000

170,000

-0.6%

Imports (mt)

11,000

8,000

-27.3%

8,000

7,000

-12.5%

Total supplies (mt)

189,000

218,000

15.3%

218,000

242,000

11.0%

Exports (mt)

110,000

110,000

0.0%

110,000

110,000

0.0%

Domestic consumption (mt)

40,000

43,000

7.5%

43,000

42,000

-2.3%

Carry-over supplies (mt)

40,000

65,000

62.5%

65,000

90,000

38.5%

Avg. CAD/mt

2,140

1,400

-34.6%

1,400

1,275

-8.9%

Agriculture and Agri-Food Canada

Price corrections in Eastern Europe

Sharp revisions have occurred for Russian mustard seeds on the European spot market in recent weeks. Quotations for Sinapis Alba seeds with a 99.9% purity have surged to EUR 840/mt EXW Poland, whereas quotations for Brassica Juncea seeds with a 99.9% purity have slumped to EUR 740/mt EXW Poland.

Mustars seeds, Russia

99.9%

EUR/mt

Sinapis Alba

840

Brassica Juncea

740

EXW Poland, big bags

EU imports 6% down

Total EU mustard seed imports range 6% lower than last year at 57,937 mt. Russia is the main supplier by far, followed by Canada. Shipments from Ukraine stand out as this is the only supplying country in amongst the top 5 from where shipments have risen by 29%. Kazakhstan ranks fourth, followed by India where shipments have slumped to an astonishingly low 285 mt.

Germany currently is the main importing country within in the EU and accounts for 35% or 20,390 mt of all shipments. Poland follows close behind with 34% or 20,080 mt and Belgium ranks third with 17% or 10,110 mt. According to the Federal Statistical Office of Germany imports ranged 17% lower at 13,617 mt between September and December 2023 as compared with the same period in 2022. While shipments from Russia to Germany rose by 6% to 7,763 mt during this period and shipments from Ukraine surged by 51% to 3,929 mt, shipments from Canada (-65% to 1m205 mt), Poland (-40% to 279 mt) and the Czech Republic (-36% to 228 mt) declined notably.

EU mustard seed imports (mt)

Country

2022/23

2023/24

Diff.

Russia

34,821

32,306

-7.2%

Canada

15,392

14,152

-8.1%

Ukraine

7,523

9,736

29.4%

Kazakhstan

2,181

1,458

-33.1%

India

1,448

285

-80.3%

Gesamt

61.365

57.937

-5,6%

Provisional data, DG TAXUD Customs Surveillance, 01/07-23/02
HS Code 12075090 Mustard seeds, whether or not broken (excl. for sowing)

 

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