Mustard seeds: Russia remains leading supplier
January 26, 2023 at 3:07 PM ,
Der AUDITOR
Sowing set to decline
Agriculture and Agri-Food Canada estimates that the area sown has more than doubled from 117,000 ha to 225,000 ha in 2022/2023 as compared with last season. As yields have also recovered production rose by as much as 166% to 162,000 mt. Total supplies reached 177,000 mt in 2022/2023 and the average price is set at CAD 2,525/mt.
Although sowing is expected to decline by 10% this year, yields should rise by 19% to 0.88 mt/ha. Production will, consequently, rise by 5% to 170,000 mt in 2023/2024. The carry-in stocks should drive total supplies up to 227,000 mt, which will weigh on the market and cause average prices to decline by 26% to CAD 1,870/mt.
|
Mustard seeds, Canada |
2021/22 |
2022/23 |
Diff. |
2022/23 |
2023/24 |
Diff. |
|
Area sown (ha) |
117,000 |
225,000 |
92.3% |
225,000 |
200,000 |
-11.1% |
|
Area harvested (ha) |
110,000 |
219,000 |
99.1% |
219,000 |
193,000 |
-11.9% |
|
Yield (mt/ha) |
0.55 |
0.74 |
34.5% |
0.74 |
0.88 |
18.9% |
|
Production (mt) |
61,000 |
162,000 |
165.6% |
162,000 |
170,000 |
4.9% |
|
Imports (mt) |
9,000 |
9,000 |
0.0% |
9,000 |
7,000 |
-22.2% |
|
Total supply (mt) |
130,000 |
177,000 |
36.2% |
177,000 |
227,000 |
28.2% |
|
Exports (mt) |
106,000 |
110,000 |
3.8% |
110,000 |
120,000 |
9.1% |
|
Domestic consumption (mt) |
18,000 |
17,000 |
-5.6% |
17,000 |
17,000 |
0.0% |
|
Carry-over stocks (mt) |
6,000 |
50,000 |
733.3% |
50,000 |
90,000 |
80.0% |
|
avg price CAD/mt |
2,885 |
2,525 |
-12.5% |
2,525 |
1,870 |
-25.9% |
|
Agriculture and Agri-Food Canada |
||||||
Prices slightly down in Germany
The prices for mustard seeds have recently become more attractive for buyers in Germany. White mustard seeds from the Czech Republic have, for instance, come down in price and presently cost EUR 1,500/kg DDP Germany. The spot market prices for black mustard seeds from India have also declined to EUR 2,100/kg DDP Germany.
|
Mustard seeds |
|
|
Quality |
EUR/mt |
|
White, 99% purity, Czech Republic |
1,500 |
|
Black, 99.9% purity, India |
2,100 |
|
DDP Germany |
|
Germany still relies on Russia
Germany imported 12,884 mt of mustard seeds between September and November 2022, which is 13% down on the same period last year. Although shipments from Russia have declined sharply by 38%, the country remains the most important supplier. Canada has put Ukraine in third place as shipments from here have more than doubled to 3,182 mt. Shipments from Ukraine have risen by a more moderate 10% to 2,147 mt. Other sharp rises have also been observed in shipments from the Czech Republic and Poland.
|
Mustard seed imports, Germany (in mt) |
|||
|
Country |
2021/22 |
2022/23 |
Diff. |
|
Russia |
9,300 |
5,776 |
-37.9% |
|
Canada |
1,486 |
3,182 |
114.1% |
|
Ukraine |
1,954 |
2,147 |
9.9% |
|
Czech Republic |
403 |
766 |
90.1% |
|
Poland |
95 |
264 |
177.9% |
|
Kazakhstan |
480 |
257 |
-46.5% |
|
Estonia |
796 |
197 |
-75.3% |
|
India |
111 |
101 |
-9.0% |
|
Others |
272 |
194 |
-28.7% |
|
Total |
14,897 |
12,884 |
-13.5% |
|
Federal Statistical Office of Germany / Sep-Nov 12075090 Mustard seeds, whether or nor broken (excl. for sowing) |
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