Oilseeds - Oilseeds

Flaxseed: strong competition from China

September 16, 2020 2:38 PM, Der AUDITOR
Play report as audio

NUR-SULTAN/OTTAWA. Kazakh commodity traders continue to hold back, while the flaxseed harvest in Manitoba, Canada, is proceeding only slowly.

EU crop is expected to grow by 11%

According to European market players, the procurement of farmgate goods from Kazakhstan is still challenging and there are hardly any attractive offers. Instead, Chinese customers are are said to buy Kazakh raw materials at prices of USD 520/mt delivered to the border. In order to keep up with this, European buyers would have to raise their bid prices significantly. Spot offers for Eastern European flaxseed with a 99.9% purity are currently ranging at EUR 0.605-0.630/kg DDP Germany.

According to the curr

View related articles

Go to the News Overview
Aug 10, 2022
BUDAPEST/CHRUDIM. While crop estimates in the Czech Republic have improved slightly compared to earlier forecasts, the mood on the Hungarian blue poppy seed market has reached zero. Meanwhile, the new EU regulation is causing concern among market players in all growing countries.
Aug 8, 2022
DALIAN. In the Chinese growing regions, the harvest will start in the coming days and the farmers are in the middle of preparations. However, the shine skin growers in particular are facing various difficulties.
Aug 4, 2022
NEW DELHI. Although the prices for sesame seeds are rising continuously in India, they are not high enough for traders. Black sesame seed supplies are running low driven by an upsurge in demand in China.
Aug 3, 2022
SOFIA/BEIJING. With the political-economic situation being far from stable, the outlook is rather bleak for Bulgaria's sunflower seed market. Acreage has also declined in China this year.