Shocking Drop In Mustard Estimate
PANAMA - Dec 3/21 - SNS -- Some North American mustard seed market participants were shocked by the final crop estimate from Statistics Canada.
It pegged this year's harvest at a record low 49,955 metric tons (MT), down from 98,800 last year and 30% under its initial estimate production would reach 70,900 MT.
Price performance so far this marketing year in grower markets in Canada clearly reflect this season's fundamental shortage of product.
Chickpeas Unaffected By Crop Reports
PANAMA - Dec 3/21 - SNS -- International chickpea markets maintained a relatively firm tone during the past week, unaffected by the latest Australian and Canadian crop production estimates.
This year's chickpea harvest in Australia was pegged at 1.004 million metric tons (MT) of mainly desi type, up from 830,000 last year. Canada's harvest of mainly kabuli types was pegged at 75,192 MT, down from 214,300 MT last year.
Significantly, Australia's 2020-21 marketing year exports are now known. They pushed over 883,000 MT, compared to around 329,300 the previous marketing year.