Flaxseed: wasted potential?

October 31, 2024 at 4:50 PM , Der AUDITOR
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OTTAWA. Although the Canadian flaxseed crop is smaller than in recent years, market players are currently reporting high demand from China. The EU could also be an interesting sales market this season if the export potential was not limited.

China is also buying in Canada

The Canadian flaxseed crop showed a wide range of yields, according to the experts at Rayglen Commodities. Agriculture and Agri-Food Canada currently estimates the average yield per hectare at 1.35 mt/ha, which would be significantly higher than the 1.14 mt/ha recorded in the previous year, although yields in the 2022/2023 season were significantly better at 1.52 mt/ha. Smaller acreages mean that production is expected to decline by 2.9% year-on-year to 265,000 mt, which is why total supplies this season could only reach 440,000 mt. Th

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