STAT Communications Ag Market News

Mustard Markets Continue Slipping

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.

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