CNS Canada — The 2018 mustard crop in Western Canada could hit half a million acres according to an industry expert, but he cautions that number could be much lower if dry soil conditions persist until spring. In 2017, there were 385,000 acres of mustard seed planted in Western Canada, down from 525,000 acres in […] Read more
Prairie mustard acreage depends on spring moisture
Reckitt cuts the (French’s) mustard with food business sale
London | Reuters — U.S. spices maker McCormick and Co. Inc. has won the battle to buy Reckitt Benckiser Group’s North American food business, paying a higher than expected US$4.2 billion to add extra seasonings and sauces. London-listed Reckitt said in April it was reviewing options for the unit, which includes French’s mustard and Frank’s […] Read more
French’s owner kicks off food business sale process
London | Reuters — The sale of Reckitt Benckiser Group’s North American food business, which could fetch more than US$3 billion, has kicked off with information packages going out to industry players, according to sources familiar with the matter. The sale of the food business is aimed at helping the British consumer goods company pay […] Read more
Mustard acres feeling squeeze from canola
CNS Canada –– Following the largest mustard crop in more than a decade in 2016, supply/demand fundamentals are expected to spur a reduction in Canadian mustard seedings in 2017. However, with more and more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. After growing the […] 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 prices hang tough despite wet weather
CNS Canada — Cold, wet weather that has downgraded the quality of some of Canada’s staple crops isn’t having the same effect on mustard, according to two experts on the specialty crop. While much of this year’s harvest is already over, a significant number of acres remains in Saskatchewan and Alberta, said Walter Dyck of […] Read more
Mustard bids drop with demand, harvest progress
CNS Canada — Mustard spot prices are trending lower, with limited demand for the commodity as harvest progresses. Weather conditions may have curbed yield potential, to an extent, though production is still expected to be large, according to one market participant. Bids for mustard have dropped from the levels seen in July and August into […] Read more
Mustard crops in good condition despite hail, prices squeezed
CNS Canada – Western Canada’s mustard crops are in mostly good condition, one industry participant says, while new-crop prices for the commodity have moved lower. “I would say throughout the growing area it really looks quite good, almost exceptional as an average,” said Walter Dyck, general manager, seed division at Olds Products. He added that rain has […] Read more
Low acres, high prices expected to continue for mustard
CNS Canada –– Canadian mustard production will likely see an upward bump in 2016, according to one buyer, but seeded acres won’t increase exponentially, despite strong prices. “It’s not going to be a big bounce-back year like we’ve had in the past whenever spot prices have increased like they have,” said Walter Dyck of Olds […] 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
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