Oilseeds - Oilseeds

Flaxseed: Canadian production to shrink by 8%

February 1, 2024 at 4:23 PM , Der AUDITOR
Play report as audio

OTTAWA/ASTANA. Kazakhstan and Canada are currently experiencing low demand. Nevertheless, Canadian exporters are hoping for more enquiries from Europe in the future. Meanwhile, experts are predicting further declines in production for the coming season.

Cultivation to decline by 20%

The Canadian flaxseed crop had already declined significantly in 2023, as had production in the main growing countries of Russia and Kazakhstan. The experts at Agriculture and Agri-Food Canada are now forecasting another smaller crop for the 2024/25 season. The acreage is expected to fall by almost 20% to 200,000 ha, meaning that even a potential yield increase of 12% to 1.28 mt/ha would not be able to compensate for the deficit. As a result, the 2024 crop would only reach 250,000 mt, 8% less than last year. The price forecast, however,

View related articles

Go to the News Overview
Oilseeds
May 22, 2024
SOFIA/KYIV. The dwindling commodity supplies are causing sunflower seed prices in Bulgaria to rise. In Ukraine, sowing is around 90% complete.
Oilseeds
May 22, 2024
OTTAWA/MOSCOW. Canada's mustard seed crop is benefiting from favourable weather conditions. Exporters are also hoping for increased demand from the European Union.
Nuts
May 22, 2024
NEW DELHI/BUENOS AIRES. India has started exporting the summer crop and international buyers can secure attractive offers here. In North and South America, the situation is partially very tense, which is mainly due to the shortage of goods.
Oilseeds
May 21, 2024
DALIAN. Prices on the Chinese pumpkin seed market continue to fall due to a lack of demand. Meanwhile, freight rates are soaring again.