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Mustard seeds: farmers to sow less in Canada

February 1, 2024 at 11:07 AM , Der AUDITOR
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OTTAWA. While mustard seeds came under pressure in Canada last week, the situation is now easing slowly. Agriculture and Agri-Food Canada expects the area sown to drop in 2024/2025.

Sowing to decline by 13%

First estimates for the 2024 crop issued in January indicate that the area sown will decline by 13% to 217,000 ha. Yet, good yields may compensate for the reduction and production is estimated on a similar level as last year at 170,000 mt. Reassuring as this estimate is, it should however be noted that the weather has frequently impacted production in recent years.

Prices are, in addition, set to range lower next season. Brown mustard seed prices have slumped in recent months, but remained comparatively firm for yellow seeds. According to Rayglen Commodities the pressure should, however, subside.

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

7,000

-36.4%

7,000

7,000

0.0%

Total supplies (mt)

189,000

217,000

14.8%

217,000

247,000

13.8%

Exports (mt)

117,000

115,000

-1.7%

115,000

120,000

4.3%

Domestic consumption (mt)

33,000

32,000

-3.0%

32,000

32,000

0.0%

Carry-over supplies (mt)

40,000

70,000

75.0%

70,000

95,000

35.7%

avg. price (CAD/mt)

2,140

1,475

-31.1%

1,475

1,275

-13.6%

Agriculture and Agri-Food Canada

Lower prices in Russia

Russian Sinapis Alba mustard seeds, 99.95% purity, are trading at EUR 705/mt EXW Poland and Brassica Juncea seeds, 99.95% purity, at EUR 885/mt EXW Poland. Quotations immediately ranged higher in Ukraine after harvesting was completed.

Mustard seeds, Russia

99.95% purity

EUR/mt

Sinapis Alba

705

Brassica Juncea

885

EXW Poland

German imports slump

Shipments to Germany slumped by 20% to 11,025 mt between September and November 2023 as compared with the same period in 2022. Imports from Germany's most important supplier Russia, however, rose by 5%. Although shipments from Ukraine surged by 44%, the country only supplies around half the volume that is shipped from Russia. Shipments from Canada, Poland and the Czech Republic, by contrast, declined sharply.

Mustard seed imports, Germany (mt)

Country

2022/23

2023/24

Diff.

Russia

5,849

6,135

4.9%

Ukraine

2,191

3,144

43.5%

Canada

3,185

1,205

-62.2%

Poland

361

232

-35.7%

Czech Republic

1,434

126

-91.2%

Estonia

197

55

-72.1%

Slovakia

72

37

-48.6%

Romania

24

25

4.2%

Kazakhstan

257

22

-91.4%

Lithuania

0

22

n/a

Others

222

22

-90.1%

Total

13,792

11,025

-20.1%

Federal Statistical Office of Germany / Sep-Nov

HS Code 12075090 Mustard seeds, whether or not broken (excl. for sowing)

 

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