Oilseeds - Oilseeds

Flaxseed: Canadian production to shrink by 8%

February 1, 2024 at 4:23 PM , Der AUDITOR
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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,

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