Ag Canada Forecasts Bigger Mustard Crop
PANAMA - Jul 23/16 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg predicts mustard seed production this year will total 195,000 MT from 212,000 hectares, compared to 123,000 MT from 140,000 hectares last year.
Agriculture Canada forecasts exports will reach 125,000 MT in 2016-17, compared to an estimated 120,000 MT this season. Domestic use is forecast at 45,000 MT in the coming marketing year, versus 34,000 this season.
Season ending stocks are forecast to finish the 2015-16 marketing year at 5,000 MT, versus 35,000 last season. Agriculture Canada thinks the coming marketing year could finish with 30,000 MT of mustard seed on hand.
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