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Flaxseed: production to rise slightly in 2023

January 26, 2023 at 11:36 AM , Der AUDITOR
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OTTAWA/NUR-SULTAN. Agriculture and Agri-Food Canada is confident that flaxseed production will rise by 5% in 2023/2024. Exports are, however, not going quite as well as official estimates suggest.

New estimates in Canada

Agriculture and Agri-Food Canada estimates production at 474,000 mt in the current season, which is 37% up on last year. Total supplies range at 569,000 mt, which is also 36% up on last year. This should prompt average prices to fall by 42% to CAD 700/mt. Considering that Canada's exports have been rather disappointing this season so far, it is hardly possible that the will climb by 71% to 375,00 mt on last year as Agriculture and Agri-Food anticipates. Issue is that Canadian flaxseed is not quite as competitively priced as in Kazakhstan or R

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