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Flaxseed: drought in parts of Kazakhstan

June 25, 2020 9:03 AM, Der AUDITOR
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OTTAWA/NUR-SULTAN. While Agriculture and Agri-Food Canada has recently issued the June report for 2020/2021, prices have taken a surprising turn in Kazakhstan and in Russia. The recently issued..

...estimates in Canada remain unchanged from May. While the area sown falls short of the initial estimate of 450,000 hectares, acreage ranges nominally higher than last year at 381,000 hectares. Estimates still state that the area harvested and yields will be higher than in 2019/2020. This should prompt a 9.3% rise in production to 530,000 metric tonnes. Average prices are expected to range around 3% lower at CAD 0.51 per kg in the new season. Raw seeds are currently trading at CAD 533 per metric tonne EXW Manitoba.

Flaxseed, Canada

2018/19 vs. 2019/20

2019/20 vs. 2020/21

Area sown (ha) 

347,000

379,000

9.2%

379,000

381,000

0.5%

Area harvested (ha)

342,000

339,000

-0.9%

339,000

355,000

4.7%

Yield (mt/ha)

1.44

1.43

-0.7%

1.43

1.50

4.9%

Production (mt)

492,000

486,000

-1.2%

486,000

530,000

9.1%

Imports (mt)

9,000

15,000

66.7%

15,000

10,000

-33.3%

Total supplies (mt)

628,000

561,000

-10.7%

561,000

610,000

8.7%

Exports (mt)

468,000

350,000

-25.2%

350,000

500,000

42.9%

Domestic consumption (mt)

100,000

141,000

41.0%

141,000

40,000

-71.6%

Carry-over supplies (mt)

60,000

70,000

16.7%

70,000

70,000

0.0%

Avg. price in CAD/mt

496

525

5.8%

525

510

-2.9%

Agriculture and Agri-Food Canada

Prices fail to rise in Eastern Europe

Although a shortage of raw seeds in export quality is being reported in Kazakhstan and in Russia, prices have continued to fall. Despite some parts in northern Kazakhstan being hit by drought, the reference prices for new arrivals have remained firm at EUR 0.32-0.33 per kg FCA. In Russia, the farmgate prices for the new crop meanwhile range at EUR 0.33-0.335 EUR/kg FCA Siberia. In how far the lack of rain will impact yields remains to be seen.

Flaxseed

Type

EUR/kg*

Brown, 99.9%, Eastern Europe, DDP DE

0.600-0.640

Brown, 97%, Kazakhstan, FCA KAZ

0.410-0.420

Brown, 97%, Russia, FCA RU

0.430-0.440

Brown, 97% purity, Canada, EXW Manitoba

0.347-0.348

*Reference prices

Attached Files

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price chart flaxseed brown Eastern Europe

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