PANAMA - Mar 24/23 - SNS -- North American mustard seed markets weakened considerably during the past week in the face of slowing spot demand and expectations of a significant increase in seeded area this year.
The biggest declines in the upper range for prices offered to farmers in Canada was in oriental. Bids dropped 12% during the week from CDN 93 to 83 cents per pound for No 1 grade farmer's dressed product delivered processing plants.
The upper range of yellow bids fell 5% to 91 cents per pound, while brown slipped 2% to 85 cents. Similarly, new crop bids were lower on the week, suggesting most processors believe they are well covered for their coming needs.
Only active subscribers can read all of this article.
If you are a subscriber, please log into the website.
If you are not a subscriber, click here to subscribe to this edition of the STAT website and to learn more about becoming a subscriber.