Mustard seeds: sharp decline in EU imports
August 6, 2024 at 12:17 PM ,
Der AUDITOR
Smaller area, but higher yields
As the current estimates issued by Agriculture and Agri-Food Canada show the area sown will decline by 5% in 2024/2025 as compared with 2023/2024. Contrary to this, production is expected to rise by 32% as yields should be very good. Since the carry-over supplies will range twice as high as last year this will also boost total supplies. Average prices will consequently be much lower than in the past two years. Imports should also decline by 40% and exports by contrast rise by 10%.
|
Mustard seeds, Canada |
2022/23 |
2023/24 |
Diff. |
2023/24 |
2024/25 |
Diff. |
|
Area sown (ha) |
225,000 |
258,000 |
14.7% |
258,000 |
245,000 |
-5.0% |
|
Area harvested (ha) |
219,000 |
251,000 |
14.6% |
251,000 |
239,000 |
-4.8% |
|
Yields (mt/ha) |
0.74 |
0.68 |
-8.1% |
0.68 |
0.94 |
38.2% |
|
Production (mt) |
162,000 |
171,000 |
5.6% |
171,000 |
225,000 |
31.6% |
|
Imports (mt) |
11,000 |
15,000 |
36.4% |
15,000 |
9,000 |
-40.0% |
|
Total supplies (mt) |
189,000 |
225,000 |
19.0% |
225,000 |
314,000 |
39.6% |
|
Exports (mt) |
110,000 |
100,000 |
-9.1% |
100,000 |
110,000 |
10.0% |
|
Domestic consumption (mt) |
40,000 |
45,000 |
12.5% |
45,000 |
44,000 |
-2.2% |
|
Carry-over supplies (mt) |
40,000 |
80,000 |
100.0% |
80,000 |
160,000 |
100.0% |
|
Avg. CAD/mt |
2,140 |
1,300 |
-39.3% |
1,300 |
930 |
-28.5% |
|
Agriculture and Agri-Food Canada |
||||||
Challenging heat
As Rayglen Commodities report the current heatwave is giving rise to concerns in Canada. Farmers fear that the heat stress may impact yields. The plants are presently flowering. So far the market has not yet responded to these concerns. New crop yellow mustards seeds are trading at CAD 0.40/lb EXW farm and the current crop at CAD 0.43/lb.
The prices for Russian mustard seeds have risen sharply in the last few months. Quotations for Sinapis Alba with a 99.9% purity presently range at EUR 920/mt FCA Poland and for Brassice Juncea with a 99.9% purity at EUR 790/mt FCA Poland.
|
Mustard seeds, Russia |
|
|
99.9% |
EUR/mt |
|
Sinapis Alba |
920 |
|
Brassica Juncea |
790 |
|
FCA Poland, in big bags |
|
Sharp downturn in EU imports
Monthly EU imports dipped by 37% in July as compared with last year. Canada has replaced Russia as most important supplier and Ukraine has successfully stepped up shipments. Kazakhstan is next in line as shipments from here have more than tripled. Contrary to this, imports from Russia have plummeted by 93%. Poland, Belgium and Germany are the main importing EU member states.
|
EU mustard seed imports (mt) |
|||
|
Country |
2023/24 |
2024/25 |
Diff. |
|
Canada |
2,311 |
2,434 |
5.3% |
|
Ukraine |
28 |
1.405 |
4917.9% |
|
Kazakhstan |
284 |
734 |
158.5% |
|
Russia |
5,028 |
354 |
-93.0% |
|
India |
59 |
70 |
18.6% |
|
Others |
367 |
68 |
-81.5% |
|
Total |
8,077 |
5,065 |
-37.3% |
|
DG AGRI TAXUD Customs Surveillance System, provisional data, 01/07.-29/07. HS Code 12075090 Mustard seeds, whether or not broken (excl. for sowing) |
|||
View more
- price charts on oilseeds, grains, nuts, dried fruit, spices and more
View related articles
