Flaxseed: encouraging prospects in Kazakhstan

October 2, 2024 at 12:00 PM , Der AUDITOR
Play report as audio

ASTANA. According to the production estimates issued by the Kazakh Grain Union (KGU) flaxseed yields will recover considerably this year. Yet, exports have slumped.

KGU is optimistic

After initial rain-related delays wheater conditions are now much better and harvesting can proceed without disruptions. The KGU estimates this year's production at 680,000 mt. Last year's production only reached 465,000 mt according to the KGU with other estimates ranging lower.

Russian analyst IKAR has revised the production estimates for Russia downwards by 110,000 mt to 1.19 million mt. Reason are the adverse weather conditions during harvesting in Sibiria, which accounts for more than 40% of the country's production.

Ex

View related articles

Go to the News Overview
Nuts
Nov 11, 2024
NEW DELHI/BEIJING. The low prices in the Asian growing countries are putting pressure on the international peanut market; this is particularly noticeable in the South American origins. Weather conditions have now improved here.
Grains
Nov 8, 2024
BRUSSELS. Donald Trump’s imminent return to office as the 47th US president is sending shockwaves through the markets for grains and oilseeds. His proposed tariffs do not only spell bad news for US corn and US soybeans but also for EU rapeseed. Ukraine, Romania and Bulgaria are offering more competitive prices for wheat than Russia.
Oilseeds
Nov 7, 2024
NEW DELHI/SEOUL. After the Diwali festival, the Indian market remained relatively quiet this week. The new sesame seed tender from South Korea provided a change.
Oilseeds
Nov 7, 2024
SOFIA/KYIV. The updated data from the European Commission contains some unpleasant truths, which are not surprising in view of the reports from the growing countries.