MarketsFarm — If Agriculture and Agri-Food Canada’s (AAFC) latest monthly principal field crop estimates hold true, mustard is having a bounce-back year. High prices for the seed led to nearly double the acres planted for the 2022-23 marketing year at 556,000, compared to 289,000 the previous year. As a result, 177,000 tonnes were produced in […] Read more
Tag Archives oriental mustard
Mustard production, prices up
Demand steady, unlikely to change
Rising prices could lead to more mustard acres
MarketsFarm — A further tightening in Canada’s mustard supply is the main culprit in recent price spikes for the seed. Yellow mustard in Western Canada has a high-delivered bid of $1.61/lb., up 10 cents from last month and $1.18 higher than last year, according to Prairie Ag Hotwire data. Over the past month, the high-delivered […] Read more
Mustard growers face decision time
AAFC projects more acres in 2021-22
MarketsFarm — For Canadian mustard seed growers, next month will be crucial in learning whether seeding predictions from Agriculture and Agri-Food Canada come to fruition. Current mustard seed prices, though, seem to support a rise in the number of acres this coming crop year. Canadian farmers in 2020 grew 99,000 tonnes of mustard seed, the […] Read more
Little excitement seen in mustard market
The bounce-back in Canadian mustard production in 2018 is unlikely to see any follow-through in 2019 as spot prices aren’t generating much excitement for producers despite tightening supplies. Yellow mustard is currently topping out at around 36 cents/lb., while brown mustard bids are in the 30- to 31-cent range, according to Prairie Ag Hotwire data. […] Read more
Mustard looking to rebound, if weather co-operates
CNS Canada — Canadian mustard acres may be up on the year, but key growing regions missed out on recent rain and will need more moisture as the season progresses, in order to prevent a repeat of 2017’s drought-stricken crop. “Mustard was offering some profit potential compared to some of the other options out there, […] Read more
Mustard seeding to drop with higher stocks, competition
CNS Canada — Stockpiles of mustard are likely to put a squeeze on the number of acres seeded in Canada this year, especially as the commodity competes price-wise with canola. Olds Products, North America’s second-biggest mustard manufacturer, has started contracting acres in Alberta, Saskatchewan, North Dakota and Montana. Seed division manager Walter Dyck expects less […] Read more
Mustard growers relish price spike from supply squeeze
Reuters — From Canada to India, there is a squeeze on mustard that has put producers in a pickle. Prices of the yellow condiment dabbed on hot dogs and pretzels have leaped to their highest level in seven years this autumn as growers in Western Canada, which supplies three-quarters of the world’s traded mustard seed, […] Read more
Spot mustard prices hit fresh highs on reduced acreage
CNS Canada — Producers who opted against selling mustard earlier in the season are now relishing the spot market, which is reaching fresh highs not seen since 2008 against contract prices. Delivered elevator prices are between 45 to 46 cents per pound for yellow mustard, 31 to 33 for brown, and 34 to 36 for […] Read more
Mustard prices still high heading into harvest
CNS Canada –– The mustard market has been moving steadily higher in recent months, reacting to projections for reduced yield from Statistics Canada, which could spur selling straight out of harvest, one buyer says. Mustard prices gained throughout July and August, said Walter Dyck, a buyer for Olds Products. That’s largely due to estimates from […] Read more
Uncertainty over mustard acreage helps underpin market
CNS Canada –– Mustard acreage in Western Canada looks to remain relatively firm compared to last year’s total, according to an expert in the industry. However, he noted, ambiguity surrounding just how many acres will be seeded is keeping prices firm. Walter Dyck of Wisconsin-based Olds Products said there are few carry-over supplies of mustard […] Read more
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