Oilseeds - Oilseeds

Flaxseed: smaller acreage in Russia

August 24, 2023 at 4:43 PM , Der AUDITOR
Play report as audio

OTTAWA/MOSCOW. In view of the declining cultivation forecasts in Canada, Kazakhstan and Russia, prices are currently moving upwards again. In Russia, sowing was 30-35% lower than last year.

Uncertainty remains

Agriculture and Agri-Food Canada had recently made a significant correction to its crop forecast for the Canadian flaxseed season 2023/2024. In the current report, expected volumes remain unchanged, but the estimated average price has been raised by 11% to CAD 565/mt compared to the July report, which would still represent an 11% decline from the previous year. Meanwhile, production is still expected to reach 325,000 mt with a yield of 1.35 mt/ha and an area of 247,000 ha. Thanks to lush carry-over stocks, it is estimated that 610,000 mt of flaxs

View related articles

Go to the News Overview
Oilseeds
Apr 18, 2024
NEW DELHI. After the last tender from South Korea turned out to be a great disappointment for sesame seeds, things are looking much better in India in April. Question is in how far this will impact prices.
Oilseeds
Apr 15, 2024
DALIAN. Sowing is underway for pumpkin seeds in China and will take about a month. Prices are on the decline.
Nuts
Apr 15, 2024
NEW DELHI/BUENOS AIRES. Traders and stockists are forced to sell peanuts at a loss in India. Issue is that rising temperatures may cause diseases to spread. Harvesting is in full swing in Argentina.
Oilseeds
Apr 11, 2024
OTTAWA/BRUSSELS. With the prospect of higher import tariffs for Russian flaxseed, European traders are worried about their business and fear massive price increases. Other growing countries such as India and Canada are coming into focus, but are not really an alternative for buyers at the moment.