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Flaxseed: global crop to increase by 13%

December 7, 2022 at 3:40 PM, Der AUDITOR
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NUR-SULTAN/OTTAWA. In the 2022/2023 season, significantly more flaxseed is expected to be available worldwide than in the previous year. Nevertheless, prices hardly change.

What happens next

According to market players, there is hardly any interest in Russian flaxseed from the buyer side. One of the problems is the payment modalities that make trade difficult, whereby moral conflicts certainly play a role from time to time. Now there is speculation about what will happen in early summer if Kazakhstan has sold off its flaxseed stocks by then and Russia is no longer an option as a supplier for many customers. Weak demand and still sufficient availability have caused the prices for Kazakh flaxseed to drop significantly since the beginning

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