Mustard seeds: Revised estimates for Canada

November 22, 2018 at 10:30 AM , Der AUDITOR
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OTTAWA/MOSCOW. The Agriculture and Agri-Food Canada has revised its production estimates for November.

 

USA and EU are the main buyers

Due to an increase in acreage and higher yields, Canadian production is now expected to reach 175,000 mt. Instead of the initially expected 2,000 mt imports to Canada should at least reach 5,000 mt, which is 44% less than in 2017/18.

Total supplies are estimated at 230,000 mt and price are set to decline from 770 CAD/mt to 715 CAD/mt. The export volume is expected to increase by 2.7% to 115,000 mt. So far, the USA and the EU have turned out to be the most important import markets for Canada this season.

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