Mustard Estimate Ignores Drought
PANAMA - Jul 23/17 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg updated its production forecast for the 2017-18 marketing year to includes Statistics Canada's seeded area estimates. It is important to note that yield forecasts are not based on surveys of farmers.
It thinks production could reach 150,000 MT from 154,000 hectares, compared to 234,000 MT from 212,000 hectares last year. Significantly, the forecasts appear to be based on average yields and do consider potential losses from this year's hot and dry growing conditions.
Agriculture Canada forecasts exports will reach 125,000 MT in 2017-18, compared to a forecast 117,000 this season and 113,000 MT last season. Domestic use is forecast at 45,000 MT in the coming marketing year, versus 46,000 this season.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.
