Oilseeds - Oilseeds

Flaxseed: insecurity shapes the Eastern European market

February 24, 2022 2:48 PM, Der AUDITOR
Play report as audio

MOSCOW/NUR-SULTAN. On Thursday night, Russia invaded Ukraine. This does not leave the flaxseed unaffected either.

Short-term consequences?

Russia is one of the world's most important flaxseed producers and this season in particular many countries were dependent on the goods from there after the crops in Canada and Kazakhstan shrank noticeably. Polish cleaners are therefore hardly quoting prices at the moment and market players do not consider it out of the question that trade with Russia will be massively reduced for the time being. In this context, transports are also a cause for concern. Currently, offers for brown flaxseed, 99.9% purity are at EUR 1.15/kg

View related articles

Go to the News Overview
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.
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.
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.
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.