Oilseeds - Oilseeds

Flaxseed: shipments via detours

March 31, 2022 at 12:16 PM , Der AUDITOR
Play report as audio

MOSCOW/OTTAWA. The flaxseed market is facing difficult times this season. Poor crops in Kazakhstan and Canada meant that buyers were mainly stocking up in Russia, where production was surprisingly good.

Traders only sell what is currently available

In the meantime, flaxseed prices had swung from one record high to the next. After the turn of the year, it looked as if prices might ease a little. Many buyers were covered by longer-term contracts and hoped for further price corrections for later transactions. The turnaround back to the rising price trend came with Russia's invasion of Ukraine. Buyers panicked and wanted to be supplied with goods well into the season; additional contracts were concluded and some contract goods were called up early. Here, however,

View related articles

Go to the News Overview
Oct 2, 2023
NEW DELHI. Persistent rains are ensuring that the Indian peanuts of the new crop are not yet convincing with their quality. Chinese purchases are raising question marks, while the Gujarat government is supporting farmers.
Sep 28, 2023
OTTAWA/ASTANA. Market players expect that the Kazakh flaxseed crop will not be available in the market before November, which is unusually late.
Sep 28, 2023
NEW DELHI/ABUJA. Lower production estimates and good domestic demand are leading to firmer prices in the Indian sesame seed market. However, the availability of new crops from other origins partly negates this.
Sep 27, 2023
SOFIA/CHIȘINĂU. There is still no mutually satisfactory arrangement with the EU states concerned regarding agricultural imports from Ukraine, but efforts are being made to reach an agreement soon. Meanwhile, Moldovan growers are also demanding measures from the government.