Ag Canada Forecasts Unchanged

PANAMA - Mar 18/17 - 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. It is important to note that the forecast is not based on a survey of farmers.

It thinks production could reach 155,000 MT from 160,000 hectares, compared to 234,000 MT from 212,000 hectares last year.

Agriculture Canada forecasts exports will reach 125,000 MT in 2017-18, compared to a forecast 115,000 this season and 113,000 MT last 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 2017-18 marketing year at 70,000 MT, versus 85,000 this season and 5,000 the previous marketing year.