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Flaxseed: encouraging prospects in Kazakhstan

June 10, 2020 at 10:41 AM, Der AUDITOR
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NUR-SULTAN. Market players are encouraged by the outlook for the new flaxseed season. Nominal price corrections are being made in Kazakhstan.

Farmgate prices decline

Abundant rainfall and sufficient soil moisture are expected to benefit harvesting. While cleaned flaxseed is trading in a stable range in the spot market in Eastern Europe, raw seed prices have been cut to EUR 0.43-0.44 per kg FCA Kazakhstan. Although prices of around EUR 0.50 per kg FCA are currently being offered for deliveries in July through to the end of August, they are by no means popular with buyers. The raw seed from the new crop are, however, trading much lower at EUR 0.35 per kg FCA.

Flaxseed

Quality

EUR/kg*

Brown, 99.9%, Eastern Europe, DDP DE

0.620-0.640

Brown, 97%, Kazakhstan, FCA KAZ

0.430-0.440

Brown, 97%, Russia, FCA RU

0.450-0.480

Brown, 97%, Canada, EXW Manitoba

0.362

*reference prices

Rise in exports from Kazakhstan

As data issued by the Statistical Office in Kazakhstan indicates the country shipped a total of 138,285 metric tonnes of flaxsseed worth USD 58.68 million overseas in January-March 2020. Belgium and China are the most important buyers by far with shipments ranging above 30,000 metric tonnes. Russia (20,288 mt), Poland (14,580 mt) and Germany (5,572 mt) are also important export destinations.

In 2019, the total export volume ranged at 512,659 metric tonnes. More than half of this volume (260,000 mt) was shipped to Belgium. Other important export destinations include Poland (80,910 mt), Afghanistan (42,399 mt) and Germany (28,470 mt). Last year's shipments to Russia (26,556 mt) and to China (11,541 mt) range much lower than this year.

Flaxseed exports* Kazakhstan 2020

Destination

mt

in USD 1,000

Belgium

38,430

16,720

China

38,236

16,139

Russia

20,288

7,339

Poland

14,580

6,341

Germany

5,572

2,778

Turkey

4,869

2,397

Afghanistan

3,866

1,446

Italy

3,139

1,580

Uzbekistan

3,056

850

Netherlands

1,234

723

Others

5.015

2.373

Total

138,285

58,684

Statistical Office of Kazakhstan / Jan-Mar

*120400 Linseed, whether or not broken

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