Mustard seeds: EU imports from Ukraine 29% up
February 28, 2024 at 3:52 PM ,
Der AUDITOR
Fierce competition
As overseas demand remains sluggish trading activities are still rather limited in Canada. US buyers are not showing much interest and only few enquiries have been issued for yellow mustard seeds as Rayglen Commodities report. Competitors from Russia and Ukraine are also very active in Europe and Asia, which is limiting opportunities for suppliers in Canada.
Agriculture and Agri-Food Canada has also revised the estimates for the 2024/2025 season. Although the area sown is still estimated 13% lower than last year at 225,000 ha and yields still range at 0.78 mt/ha, export estimates have been revised downwards by 8% to 110,000 mt. Contrary to this, domestic consumption should range around 30% higher at 42,000 mt than anticipated in the previous report. Carry-in supplies will compensate for the small downturn in production with total supplies estimated 11% higher than in the current marketing year and average prices are set to decline by 9% to CAD 1,275/mt.
|
Mustard seeds, Canada |
2022/23 |
2023/24 |
Diff. |
2023/24 |
2024/25 |
Diff. |
|
Area sown (ha) |
225,000 |
258,000 |
14.7% |
258,000 |
225,000 |
-12.8% |
|
Area harvested (ha) |
219,000 |
251,000 |
14.6% |
251,000 |
217,000 |
-13.5% |
|
Yields (mt/ha) |
0.74 |
0.68 |
-8.1% |
0.68 |
0.78 |
14.7% |
|
Production (mt) |
162,000 |
171,000 |
5.6% |
171,000 |
170,000 |
-0.6% |
|
Imports (mt) |
11,000 |
8,000 |
-27.3% |
8,000 |
7,000 |
-12.5% |
|
Total supplies (mt) |
189,000 |
218,000 |
15.3% |
218,000 |
242,000 |
11.0% |
|
Exports (mt) |
110,000 |
110,000 |
0.0% |
110,000 |
110,000 |
0.0% |
|
Domestic consumption (mt) |
40,000 |
43,000 |
7.5% |
43,000 |
42,000 |
-2.3% |
|
Carry-over supplies (mt) |
40,000 |
65,000 |
62.5% |
65,000 |
90,000 |
38.5% |
|
Avg. CAD/mt |
2,140 |
1,400 |
-34.6% |
1,400 |
1,275 |
-8.9% |
|
Agriculture and Agri-Food Canada |
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Price corrections in Eastern Europe
Sharp revisions have occurred for Russian mustard seeds on the European spot market in recent weeks. Quotations for Sinapis Alba seeds with a 99.9% purity have surged to EUR 840/mt EXW Poland, whereas quotations for Brassica Juncea seeds with a 99.9% purity have slumped to EUR 740/mt EXW Poland.
|
Mustars seeds, Russia |
|
|
99.9% |
EUR/mt |
|
Sinapis Alba |
840 |
|
Brassica Juncea |
740 |
|
EXW Poland, big bags |
|
EU imports 6% down
Total EU mustard seed imports range 6% lower than last year at 57,937 mt. Russia is the main supplier by far, followed by Canada. Shipments from Ukraine stand out as this is the only supplying country in amongst the top 5 from where shipments have risen by 29%. Kazakhstan ranks fourth, followed by India where shipments have slumped to an astonishingly low 285 mt.
Germany currently is the main importing country within in the EU and accounts for 35% or 20,390 mt of all shipments. Poland follows close behind with 34% or 20,080 mt and Belgium ranks third with 17% or 10,110 mt. According to the Federal Statistical Office of Germany imports ranged 17% lower at 13,617 mt between September and December 2023 as compared with the same period in 2022. While shipments from Russia to Germany rose by 6% to 7,763 mt during this period and shipments from Ukraine surged by 51% to 3,929 mt, shipments from Canada (-65% to 1m205 mt), Poland (-40% to 279 mt) and the Czech Republic (-36% to 228 mt) declined notably.
|
EU mustard seed imports (mt) |
|||
|
Country |
2022/23 |
2023/24 |
Diff. |
|
Russia |
34,821 |
32,306 |
-7.2% |
|
Canada |
15,392 |
14,152 |
-8.1% |
|
Ukraine |
7,523 |
9,736 |
29.4% |
|
Kazakhstan |
2,181 |
1,458 |
-33.1% |
|
India |
1,448 |
285 |
-80.3% |
|
Gesamt |
61.365 |
57.937 |
-5,6% |
|
Provisional data, DG TAXUD Customs Surveillance, 01/07-23/02 |
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