AgCanada Expects Steep Drop in Mustard

PANAMA - Aug 25/17 - 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 145,000 MT from 154,000 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 117,000 last season and 113,000 MT the previous marketing year. Domestic use is forecast at 45,000 MT in the coming marketing year, versus 46,000 last season.