Oilseeds - Oilseeds

Flaxseed: Canada under pressure

February 16, 2023 at 9:35 AM , Der AUDITOR
Play report as audio

OTTAWA/NUR-SULTAN. Eastern European flaxseed is significantly cheaper again, which puts even more pressure on Canadian exporters. The forecasts for the coming 2023/2024 season do not make it any easier for market players either.

High supply weighs on prices

To boost demand, Kazakh flaxseed traders have been forced to adjust their prices in recent weeks. Since the beginning of the new calendar year, offers for brown flaxseed, 99.9% purity have declined by about EUR 0.10/kg, which is why the export prices of Polish cleaners are currently around EUR 780/mt DDP Germany. Golden flaxseed, 99.9% purity is trading for about EUR 930/kg DDP Germany.

These price adjustments are making it increasingly difficult for Canadian flaxseed traders to regain a foothold in the export market. Buyers

View related articles

Go to the News Overview
Jul 12, 2024
BRUSSELS. Prospects are far from sunny for wheat in France. Tropical storm Beryl only has a limited impact for US corn. China has signed the first deal for US soybeans. Canada may very well replace Russia and Belarus as a supplier of rapeseed in the EU.
Jul 11, 2024
MOSCOW/OTTAWA. Since 1 July, EU imports of flaxseed from Russia and Belarus have been subject to a 10% import duty. This is dampening the mood in the market.
Jul 11, 2024
NEW DELHI/MOGADISHU. Heigh freight rates are making it impossible for exporters in India to raise the prices for sesame seeds. Pakistan is bracing for rain. Sowing is underway in Somalia, where the crop is harvested in autumn.
Jul 10, 2024
SOFIA/KYIV. The weather in the coming weeks will play a decisive role in the development of sunflower seed crops. Price corrections will also depend on this.