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Mustard seeds: mixed yields in North America

August 31, 2022 at 4:52 PM, Der AUDITOR
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OTTAWA. According to market players, record acreages of mustard seeds have been planted in the USA this year. Despite mixed yields so far, Canadian traders therefore fear the partial loss of their export market.

Canada can hold its own

German mustard seed imports increased by more than half in the period September 2021 to June 2022 compared to the same period last year. The most important supplier by far was Russia, which shipped 20,375 mt to Germany, a good 40% more than this time last year. The second and third most important suppliers were Ukraine with 6,692 mt (+2%) and Canada with 4,714 mt (+72%). June imports from Canada were still 856 mt, just 100 mt less than had been imported from Ukraine and significantly more than the monthly import from Russia (June 2022: 557 mt). The average monthly imports from Canada to Germany this season were just 471 mt, last season (Sep-June) even only 274 mt. In total, German imports in this period were 36,714 mt.

Prices for yellow mustard seeds, Sinapis Alba, 99.95% purity from Ukraine on the European spotmarket are currently at a level of EUR 1.87/kg FCA Poland.

Mustard seed* imports, Germany, in mt

Supplier

2020/21

2021/22

Diff.

Russia

14,462

20,375

40.9%

Ukraine

6,558

6,692

2.0%

Canada

2,742

4,714

71.9%

Czech Republic

650

1,057

62.6%

Estonia

963

854

-11.3%

Kazakhstan

220

840

281.8%

India

14

750

5.257.1%

Poland

495

458

-7.5%

Others

400

974

143.5%

Total

26,504

36,714

38.5%

Federal Statistical Office of Germany / Sep-Jun

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

Canada worries about export markets

Agriculture and Agri-Food Canada is currently holding back on corrections for the 2022/2023 mustard seed season, with no adjustments made in the current report. Acreage is expected to have almost doubled from last year to 217,000 ha and yields are also expected to be much higher again after the disastrous 2021 result, resulting in a 250% increase in production to 175,000 mt. Prices are also expected to average just CAD 2,050/mt, almost 30% less than 2021/2022, according to current estimates.

As the experts at Rayglen Commodities report, the dry weather is ensuring that harvests are progressing quickly and US farmers are also said to be making good progress, while at the same time acreage here is at a record level. The latter is fuelling concerns among Canadian traders that they will not be able to serve one of their most important export markets in the usual way. However, the yields reported so far are extremely mixed in both Canada and the USA.

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

9,000

50.0%

9,000

7,000

-22.2%

Total supplies (mt)

165,000

99,000

-40.0%

99,000

182,000

83.8%

Exports (mt)

111,000

110,000

-0.9%

110,000

110,000

0.0%

Domestic consumption (mt)

15,000

11,000

-26.7%

11,000

42,000

281.8%

Carry-over stocks (mt)

40,000

0

-100.0%

0

30,000

-

Avg price in CAD/mt

885

2,885

226.0%

2,885

2,050

-28.9%

Agriculture and Agri-Food Canada

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