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Flaxseed: concern creates selling pressure

May 5, 2022 at 4:50 PM , Der AUDITOR
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NUR-SULTAN/MOSCOW. Concerns about further sanctions and rising fuel prices are prompting flaxseed traders to act. The aim is to secure sufficient goods and to commit them in contracts.

Uncertainty shapes the market

Selling pressure is making for comparatively attractive prices in the flaxseed market this week. Deliveries to the EU via land route are becoming increasingly expensive, while traders can price goods imported by ship more favourably. As a result, prices for brown flaxseed, 99.9% purity from Poland are around EUR 1.35-1.40/kg FCA, while Belgian traders can offer their goods from EUR 1.28/kg EXW.

According to market players, there is great concern about new sanctions, which is why traders are trying to sell even larger quanti

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