Oilseeds - Oilseeds

Flaxseed: traders do not plan for the long term

March 17, 2022 at 2:44 PM, Der AUDITOR
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OTTAWA/BRUSSELS. The UK imposes additional import duties on Russian oilseeds. In the flaxseed market, demand is high, but traders' willingness to enter into long-term contracts is low. Canadian producers face the question of whether to adjust their acreage to the current circumstances.

Buyers want to cover themselves in the long term

Demand in the flaxseed market is high. Buyers who had already hedged into the summer months via contracts now want to cover themselves beyond these. For many suppliers, however, this risk is too high, because too many factors, not least the sanctions, can also restrict the flow of goods in the long term. At the same time, according to market players, there are also more and more customers who no longer want to buy goods from Russia. However, the contracts through which these shipments are made were partly concluded mo

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