Oilseeds - Oilseeds

Flaxseed: tense situation in Eastern Europe

September 24, 2020 12:55 PM, Der AUDITOR
Play report as audio

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.

View related articles

Go to the News Overview
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.
Aug 1, 2022
DALIAN. Suppliers are only reluctantly issuing offers for the new pumpkin seed crop. Trouble is that it is impossible to make any reliable estimates. Speculators are still keen to drive up prices.