Mustard Stocks Seen Dropping

PANAMA - Oct 25/19 - SNS -- In its latest monthly review of Canadian mustard seed Agriculture Canada's market analysis branch in Winnipeg updated its forecast of seeded area and production for the 2019-20 marketing year.

It predicts production will total 141,000 MT from 161,000 hectares this year, compared to 174,000 MT from 204,000 hectares last year.

Agriculture Canada forecasts exports will reach 120,000 MT in 2019-20, compared to 121,000 last season and 112,000 MT the previous marketing year. Domestic use is forecast at 42,000 MT in the 2019-20 marketing year, versus 42,000 last season.

Season ending stocks are forecast to finish the 2019-20 marketing year at 60,000 MT, versus 73,000 last season and 53,000 the previous marketing year.