Oilseeds - Oilseeds

Flaxseed: KGU gives first cultivation forecast for 2022

April 20, 2022 at 4:58 PM , Der AUDITOR
Play report as audio

NUR-SULTAN/MOSCOW. The AUDITOR editorial team spoke with market expert Evgeniy Karabanov about the flaxseed market. In addition to the hurdles that make procurement difficult due to the Ukraine crisis, there are initial estimates regarding the cultivation area for the 2022 crop.

Difficult times for flaxseed traders

The flaxseed market continues to face difficult times. The new sanctions against Russia are now making it even more difficult to buy the oilseeds. When asked how the flaxseed market has changed due to the Ukraine crisis, market expert Evgeniy Karabanov, Chairman of the Kazakh Grain Union (KGU), told AUDITOR's editorial team the following: 

"The war in Ukraine has had a significant impact on trade in the region and the world, including the flaxseed market. Due to hostilities in the Black Sea-Azov region and sanctions

View related articles

Go to the News Overview
Oilseeds
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Oilseeds
Apr 15, 2024
DALIAN. Sowing is underway for pumpkin seeds in China and will take about a month. Prices are on the decline.
Nuts
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Oilseeds
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.