Demand Optimism Propels Mustard
PANAMA - Mar 5/22 - SNS -- Mustard seed markets resumed their record setting pace during the past week against expectations of improved demand from European destinations.
Russia is a traditional supplier of mustard seed to Germany and Poland, with the result markets expect sanctions imposed because of the Russian invasion of the Ukraine will result in demand for product from Canada and other origins.
Those expectations pushed bids to farmers for both yellow and brown to new record high levels during the week. Yellow gained 12% to finish at CDN $1.85 per pounds for No 1 grade farmers dressed quality and brown rose 2% to $2.05 per pound.
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