Oilseeds - Oilseeds

Flaxseed: concerns over slump in global production

August 12, 2021 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
Sep 29, 2022
NEW DELHI. Indian sesame seed farmers are optimistic about the crop and expect an increase in yields compared to last year. Only in Gujarat can production not keep up.
Sep 28, 2022
SOFIA/KYIV. In Ukraine, a good 15% of the forecast sunflower seed crop has now been harvested, while concern is high in Bulgaria in view of the disappointing production results. Various factors are causing enormous uncertainty in the market on both the buyer and seller side.
Sep 27, 2022
DALIAN. Demand in the Chinese pumpkin seed market is so low that even traders are alarmed. At present, the outlook for the rest of the year is rather pessimistic, as various factors militate against an increase in buying interest.
Sep 26, 2022
NEW DELHI. With Indian farmers increasingly turning to more lucrative agricultural goods, the kharif sowing is lower this year. Prices continue their downward trend as the new crop arrives on the markets.