Oilseeds - Oilseeds

Flaxseed: Canada's exports to the EU slumped by nearly 90%

May 4, 2023 at 9:27 AM , Der AUDITOR
Play report as audio

OTTAWA. Despite a lower production outlook, Canadian flaxseed prices are expected to decline further in the coming season. The reason is the low export demand from China and the EU.

No supply deficit despite low crop

No major revisions were made in Agriculture and Agri-Food Canada's latest report on the 2023/2024 Canadian flaxseed season, only the expected average price was lowered once again. Market players are looking at the market with mixed feelings. A smaller cultivation area, which according to analysts could even be reduced by up to 23% compared to the previous year, and the accompanying decline in crops give hope on the one hand that prices will at least remain stable. On the other hand, however, the deficit is offset by high carry-over

View related articles

Go to the News Overview
Oilseeds
Feb 22, 2024
SOFIA/KYIV. The farmers' protests in Poland continue to hinder the flow of Ukrainian agricultural goods. All parties involved are in favour of a solution that protects Polish growers but also maintains trade.
Oilseeds
Feb 22, 2024
NEW DELHI. The current tender from South Korea has been finalised. Indian exporters had to come to terms with the fact that, despite high expectations, they had no chance against the competition.
Oilseeds
Feb 21, 2024
CHRUDIM. The final crop data is to be announced next week, market players expect corrections compared to previous estimates.
Oilseeds
Feb 21, 2024
ASTANA. The previous production estimates for Kazakh flaxseed production in 2023 by the Kazakh Grain Union were already disappointing, and the official data now published undercuts this result even further.