AgCanada Sees Less Mustard Area
VANCOUVER - Jan 29/11 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg is predicting that seeded area will total 420,000 acres this year, compared to 480,000 acres last year.
Agriculture Canada believes this has the potential for production to total 145,000 MT, versus 186,000 last year.
Agriculture Canada forecasts exports will reach 120,000 in 2010-11 and 145,000 MT in 2011-12.
Domestic use is forecast at 31,000 MT this season and 35,000 MT in the coming marketing year.
Season ending stocks are forecast to finish the 2010-11 season at 135,000 MT and the 2011-12 season at 100,000 MT.
Agriculture Canada estimates grower bids will average between $475 and $505 MT in 2010-11 and between $545 and $575 MT for all classes of mustard in 2011-12.
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