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Mustard seeds: Russia remains leading supplier

January 26, 2023 at 3:07 PM , Der AUDITOR
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OTTAWA. Agriculture and Agri-Food Canada anticipates further sharp price cuts for mustard seeds in 2023/2024. Production will only rise a bit. Germany still strongly relies on Russia for supplies.

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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