Mustard seeds: sluggish demand in Canada
November 16, 2023 at 11:05 AM ,
Der AUDITOR
Production 4% up
Trading is still rather subdued in Canada and export demand has remained low, whereas longterm contracts predominate market activities in the country according to Rayglen Commodities. The EU and the USA should remain the most important export destinations this year.
Projections are unchanged for 2023/2024 with the noted exception of domestic consumption, which Agriculture and Agri-Food Canada has revised a bit downwards. Predictions may, however, change in the next few months. As the area harvested is up on last year, production has risen despite yields declining by 8% to 0.68 mt/ha. With production climbing to 168,000 mt and carry-in supplies ranging at 40,000 mt total supplies will reach 214,000 mt this season, which is 13% up on last year. Although prices will fluctuate, the average will be lower than last year.
|
Mustard seeds, Canada |
2021/22 |
2022/23 |
Diff. |
2022/23 |
2023/24 |
Diff. |
|
Area sown (ha) |
117,000 |
225,000 |
92.3% |
225,000 |
258,000 |
14.7% |
|
Area harvested (ha) |
110,000 |
219,000 |
99.1% |
219,000 |
248,000 |
13.2% |
|
Yield (mt/ha) |
0.55 |
0.74 |
34.5% |
0.74 |
0.68 |
-8.1% |
|
Production (mt) |
61,000 |
162,000 |
165.6% |
162,000 |
168,000 |
3.7% |
|
Imports (mt) |
9,000 |
12,000 |
33.3% |
12,000 |
7,000 |
-41.7% |
|
Total supplies (mt) |
130,000 |
190,000 |
46.2% |
190,000 |
214,000 |
12.6% |
|
Exports (mt) |
92,000 |
124,000 |
34.8% |
124,000 |
125,000 |
0.8% |
|
Domestic consumption (mt) |
22,000 |
26,000 |
18.2% |
26,000 |
24,000 |
-7.7% |
|
Carry-over supplies (mt) |
16,000 |
40,000 |
150.0% |
40,000 |
65,000 |
62.5% |
|
Avg. CAD/mt |
2,885 |
2,140 |
-25.8% |
2,140 |
1,785 |
-16.6% |
|
Agriculture and Agri-Food Canada |
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Weak start to import season in Germany
Shipments to Germany have declined sharply at the start of 2023/2024. Imports only reached 2,285 mt in September, which is nearly 50% down on last year. Shipments from Russia, Ukraine and the Czech Republic have declined sharply, whereas shipments from Canada have surged by 70%. European spot market prices for Sinapis Alba mustard seeds with a 99.9% purity from Ukraine presently range at EUR 0.93/kg DDP Germany.
|
Mustard seed imports, Germany (mt) |
|||
|
Country |
2022/23 |
2023/24 |
Diff. |
|
Russia |
2,128 |
1,261 |
-40.7% |
|
Canada |
413 |
698 |
68.9% |
|
Ukraine |
560 |
170 |
-69.6% |
|
Poland |
228 |
117 |
-48.9% |
|
Slovakia |
72 |
37 |
-48.6% |
|
Austria |
42 |
2 |
-95.7% |
|
Czech Republic |
794 |
0 |
-100.0% |
|
Others |
145 |
1 |
-99.5% |
|
Total |
4,382 |
2,285 |
-47.9% |
|
Federal Statistical Office of Germany / September HS Code 12075090 Mustard seeds, whether or not broken (excl. for sowing) |
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