Modest Increase in Mustard Inventories
VANCOUVER - Jun 20/14 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg updated forecasts for 2014.
It thinks mustard seed production this year will total 190,000 MT from 480,000 acres, compared to 165,000 MT from 395,000 acres in 2013.
Agriculture Canada forecasts exports will reach 130,000 MT in 2014-15, compared to 130,000 MT this season. Domestic use is forecast at 45,000 MT in the coming marketing year, versus 47,000 this season.
Season ending stocks are forecast to finish the 2014-15 marketing year at 30,000 MT, versus 15,000 this season and 36,000 MT last season.
Agriculture Canada estimates grower bids will average between $755 and $775 MT for all classes of peas this season and predicts they will range between $725 and $755 MT in 2014-15.
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