Oilseeds - Oilseeds

Flaxseed: crop forecasts for 2023

July 20, 2023 at 2:30 PM , Der AUDITOR
Play report as audio

OTTAWA/ASTANA. Canada's flaxseed acreage has been lower than expected this year, setting a negative record. Russia and Kazakhstan are also forecast to have smaller crops, while Ukraine is looking to push its niche product.

Negative record in Canada

March and April remained cool and dry across Canada,  followed by an unusually hot May. Groundwater reserves are alarmingly low in several regions of Alberta and Manitoba, and much of Saskatchewan is also affected. Despite the drought, however, prices in the Canadian flaxseed market remain stable for the time being. Since stocks in the international market are currently running low, according to the experts at Rayglen Commodities, there is always an opportunity for Canadian suppliers to still sell goods. Extensive carry-over stocks are

View related articles

Go to the News Overview
Nov 27, 2023
NEW DELHI. According to current forecasts, the Kharif crop in India could be smaller than hoped for. Prices on the peanut market, however, have stabilised after the Diwali festival.
Nov 24, 2023
BRUSSELS. Export prospects are far from encouraging for wheat. Delayed sowing is not yet classified as a risk for Brazil’s corn crop and oil is weighing on rapeseed quotations.
Nov 23, 2023
NEW DELHI/ABUJA. While the official forecasts promise a good sesame seed crop for the Indian market, crop damage could prevent this quantity from being achieved.
Nov 23, 2023
SOFIA/KYIV. Harvesting has nearly been completed in Ukraine, whereas sunflowers are still standing in large areas in Kazakhstan. Rising oil prices are also driving up the market for sunflower seeds in Bulgaria.