Oilseeds - Oilseeds

Flaxseed: harvest starts well ahead of schedule

June 16, 2020 4:22 PM, Der AUDITOR
Play report as audio

NUR-SULTAN. Market players remain confident for the new flaxseed season. Reference prices for the new crop are now available in Kazakhstan and in Russia.

New harvest offers from Russia

Production estimates for Kazakhstan currently range at 800,000-1,000,000 metric tonnes. Due to the early start of sowing the harvest should start up to two weeks earlier and the new crop is expected to arrive in the beginning of September. Low demand for spot purchases has pushed farmgate prices down to EUR 420-430 per metric tonne FCA Kazakhstan. Prices will most probably not reach the target level of EUR 0.48-0.50 EUR per kg in the last weeks of the season. Traders in Kazakhstan reckon that prices will start off in a range of EUR 320-330 per metric tonne FCA North Kazakhstan in the new season. Cleaned flaxseed is thereby expected to trade in a range of EUR 0.48-0.50 per kg DDP Germany in mid-September. Offers haev, however, not been issued so far. The situation is similar in Russia. Spot market prices have also declined and the reference prices for the new crop range at EUR 330-335 per emtric tonne FCA Siberia. Reports state that the first contracts have already been concluded with buyers in China.

Flaxseed

Quality

EUR/kg

Brown, 99.9%, Eastern Europe, DDP DE

0.60-0.64

Brown, 97%, Kazakhstan, FCA KAZ

0.42-0.43

Brown, 97%, Russia, FCA RU

0.43-0.44

*Reference prices

 

View more information
price chart, flaxseed, brown, 99.9% purity, Eastern Europe
more price charts

Attached Files

File icon
price chart flaxseed brown Eastern Europe

View related articles

Go to the News Overview
Oilseeds
Sep 29, 2022
NEW DELHI. Indian sesame seed farmers are optimistic about the crop and expect an increase in yields compared to last year. Only in Gujarat can production not keep up.
Oilseeds
Sep 28, 2022
SOFIA/KYIV. In Ukraine, a good 15% of the forecast sunflower seed crop has now been harvested, while concern is high in Bulgaria in view of the disappointing production results. Various factors are causing enormous uncertainty in the market on both the buyer and seller side.
Oilseeds
Sep 27, 2022
DALIAN. Demand in the Chinese pumpkin seed market is so low that even traders are alarmed. At present, the outlook for the rest of the year is rather pessimistic, as various factors militate against an increase in buying interest.
Nuts
Sep 26, 2022
NEW DELHI. With Indian farmers increasingly turning to more lucrative agricultural goods, the kharif sowing is lower this year. Prices continue their downward trend as the new crop arrives on the markets.