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Flaxseed: Russia buys raw seeds in Kazakhstan

March 30, 2020 2:36 PM, Der AUDITOR
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MOSCOW/NUR-SULTAN. Due to high prices, the oil mills in Russia there are increasingly buying raw seeds in Kazakhstan. Shipnebts to Germany have, however, declined this season.

EUR 0.44 per kg for flaxseed in Russia

As market players report, the raw seed prices range as high as EUR 0.39-0.44 per kg EXW Russia, depending on region. Prices also range nominally higher in Kazakhstan at EUR 0.35-0.37 per kg EXW. The oil mills in Russia have stepped up purchases in Kazakhstan to meet demand, especially from China. Spot market prices have also risen in Europe and range at EUR 0.59-0.63 per kg DDP Germany.

Flaxseed

Quality

EUR/kg

Brown, 99.9%, Eastern Europe, DDP DE

0.590-0.630

Brown, 97-98%, Eastern Europe, DDP DE

0.510-0.530

Brown, 97%, Kazakhstan, EXW KAZ

0.350-0.370

Golden, 97%, Kazakhstan, EXW KAZ

0.500-0.510

Brown, 97%, Russia, EXW KAZ

0.390-0.440

Brown, 99.95%, Canada, CIF Rotterdam

0.587

Brown, 97%, Canada, CFR Hamburg

0.532

Reference prices

Germany cuts shipments from Kazakhstan by 37%

Shipments from Eastern European to Germany have risen by EUR 0.07 per kg in price for brown flaxseed with a 99,9 % purity over last year, and by more than EUR 0.10 per kg since two years ago. This is one of the reasons why shipments to Germany have declined by 15% to 65,482 metric tonnes in the first five months of the season. According to the Federal Statistical Office of Germany, shipments from Kazakhstan have even dropped by more than 37%.

 Flaxseed shipments to Germany in mt

Country

2018/19

2019/20

Diff.

Russia

20,386

20,157

-1.1%

Kazakhstan

26,197

16,588

-36.7%

France

11,658

9,278

-20.4%

Poland

4,408

4,952

12.3%

Belgium

5,309

4,768

-10.2%

Netherlands

1,794

2,123

18.3%

Canada

1,863

1,929

3.5%

India

1,404

1,052

-25.1%

Others

4,166

4,635

11.3%

Total

77,185

65,482

-15.2%

Federal Statistical Office of Germany / Sep-Jan

*12040090 Linseed, whether or not broken (excl. for sowing)

 

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