Mustard seeds: prices to double in Canada
November 30, 2021 at 3:52 PM ,
Der AUDITOR
Exports to fall more than 30% short of expectations
The prices for mustard seeds have hit unusual highs in Canada and it is impossible to tell how long this trend will last. Agriculture and Agri-Food Canada has sharply revised prices upwards in its recent estimates for 2021/2022. Extreme heat and drought have caused great damage. As production has hit a 40-year low average mustard seed prices are expected to climb to CAD 1,700/mt, meaning that they will double on last year. This has also prompted the estimates for exports to be cut by 41,000 mt to 70,000 mt. In Europe, the prices for golden mustard seeds with a 95-97% purity range at EUR 749/mt FCA Poland.
|
Mustard seeds, Canada |
2019/20 vs 2020/21 |
2020/21 vs 2021/22 |
||||
|
Area sown (ha) |
161,000 |
104,000 |
-35.4% |
104,000 |
124,000 |
19.2% |
|
Area harvested (ha) |
155,000 |
101,000 |
-34.8% |
101,000 |
119,000 |
17.8% |
|
Yields (mt/ha) |
0.87 |
0.98 |
12.6% |
0.98 |
0.60 |
-38.8% |
|
Production (mt) |
135.000 |
99.000 |
-26.7% |
99,000 |
71,000 |
-28.3% |
|
Imports (mt) |
7,000 |
6,000 |
-14.3% |
6,000 |
7,000 |
16.7% |
|
Total supplies (mt) |
214,000 |
166,000 |
-22.4% |
166,000 |
118,000 |
-28.9% |
|
Exports (mt) |
112,000 |
111,000 |
-0.9% |
111,000 |
70,000 |
-36.9% |
|
Domestic consumption (mt) |
42,000 |
15,000 |
-64.3% |
15,000 |
38,000 |
153.3% |
|
Carry-over stocks (mt) |
61,000 |
40,000 |
-34,4% |
40,000 |
10,000 |
-75.0% |
|
Avg price in CAD/mt |
700 |
885 |
26.4% |
885 |
1,700 |
92.1% |
|
Agriculture and Agri-Food Canada |
||||||
Germany steps up buying in Russia
Mustard seed shipments to Germany ranged at 6,163 mt in September, which is around 140% up on the same month last year. Shipments from Russia nearly tripled to 4,649 mt, whereas shipments from Ukraine (+27% to 983 mt) and Canda (+25% to 250 mt) range considerably lower. Germany has imported a total of 26,989 mt of mustard seeds this year so far (Jan-Sep 2021), which is 12% less than in the same period last year. While total shipments from Russia are 4% up on last year at 15,504 mt, the shipments from Ukraine (-32% to 6,174 mt), Canada (-16% to 2,820 mt) and Kazakhstan (-62% to 330 mt) have, by contrats, declined sharply.
|
Mustard seed imports, Germany in mt |
|||
|
Country |
2020/21 |
2021/22 |
Diff. |
|
Russia |
1,608 |
4,649 |
189.2% |
|
Ukraine |
771 |
982 |
27.4% |
|
Canada |
1 |
250 |
24.8% |
|
Kazakhstan |
0 |
154 |
n/a |
|
Moldova |
0 |
66 |
n/a |
|
Czech Republic |
0 |
26 |
n/a |
|
Poland |
10 |
12 |
20.0% |
|
Estonia |
165 |
0 |
-100.0% |
|
Others |
3 |
24 |
834.6% |
|
Total |
2,557 |
6,163 |
141.0% |
|
Federal Statistical Office of Germany, September 2021 12075090 Mustard seeds, whether or not broken (excl. for sowing) |
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