Oilseeds - Oilseeds

Flaxseed: concerns over slump in global production

August 12, 2021 at 10:29 AM , Der AUDITOR
Play report as audio

NUR-SULTAN/OTTAWA. As Kazkhstan, Russia and Canada are confronted with heatwaves flaxseed production is expected to sharply decline in all three countries. Traders have already reacted swiftly.

Heat generates enormous damage

A high degree of uncertainty has gripped the market. With temperatures ranging above 40C (104F) in the most three important producing countries in the last few months the damage is severe. Less seeds have formed in the pods and yields will certainly range lower. Pests are causing further damage in Kazakhstan. Market players report that concerns over possible supply squeezes have prompted US buyers to issue enquiries in Europa. Issue is that Canada will not be able to meet demand on its own.

No long-term contracts

View related articles

Go to the News Overview
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.
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.