Oilseeds - Oilseeds

Flaxseed: prices to fall in Canada

November 11, 2021 at 3:55 PM , Der AUDITOR
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OTTAWA/NUR-SULTAN. Although cargo trains are running again in Alashankou, China's main border crossing with Kazakhstan, handling is still slow. The high prices for flaxseed in Canada basically make it impossible for traders to sell to China and the EU.

Slow progress in Alashankou

Rail freight from Kazakhstan into China resumed again in Alashankou on 30 October. Although local media reported that seven to 21 trains were dealt with in the first few days, handling then slowed down again with only up to five trains being handled per day. Issue is a new Covid outbreak among the workforce in Alashankou accroding to official statements. This has also impacted Kazakhstan's flaxseed market, especially since China advanced to one of the most important export destinations for the country last year. Prices have also hit a rec

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