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Flaxseed: tense situation in Eastern Europe

September 24, 2020 12:55 PM, Der AUDITOR
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NUR-SULTAN/MANITOBA. As expected, various problems have led to a lower flaxseed crop in Eastern Europe this season. In contrast, very good conditions are reported from Canada.

Strong demand and happy producers

In Canada, the harvest in the middle and northwest of the country is underway and market players have so far reported good harvest conditions and a promising quality of the crop. Due to the constant demand from China, the USA and the EU and the low overstock supplies, prices are showing a slight upward trend. Since there are currently not many goods available from Eastern Europe, Canadian traders expect buying interest increase further, possibly even to an extent that the existing supply cannot cover.

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