Oilseeds - Oilseeds

Flaxseed: proposals to relieve the EU market

April 25, 2024 at 3:56 PM , Der AUDITOR
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BRUSSELS/OTTAWA. When the decision was taken to increase import taxes on agricultural products from Russia, proposals on what can be done to relieve the EU flaxseed market were put forward. Meanwhile, Canadian flaxseed traders are reporting rising demand for exports.

Tariffs to be increased only gradually

European flaxseed traders had followed the decision to increase import taxes on agricultural products from Russia with concern. The Customs Union working group has now reportedly drawn up proposals that would benefit the flaxseed trade. Among other things, these would allow Kazakh flaxseed to continue to transit through Russia duty-free for delivery to the EU, while the increase in import duties on Russian flaxseed would be phased in. Until the end of 2024, the import duty is to be 10%, from 2025 this will increase to 20% and f

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