Oilseeds - Oilseeds

Flaxseed: concern creates selling pressure

May 5, 2022 at 4:50 PM , Der AUDITOR
Play report as audio

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

View related articles

Go to the News Overview
May 27, 2024
NEW DELHI/ATLANTA. As crop declines are anticipated in Brazil US exporters are reckoning with improved demand for their peanuts. Hot weather is causing problems in India.
May 23, 2024
NEW DELHI. After India was able to secure a large part of the positions in the last South Korean sesame seed tender, exporters have high hopes again this time. However, this would not support prices in the longer term.
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.
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.