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Flaxseed : Price adjustments in Eastern Europe

September 25, 2019 at 11:30 AM , Der AUDITOR
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OTTAWA/MOSCOW. Agriculture and Agri-Food Canada has issued revised estimates for 2019/2020. In addition, the farmgate prices have reportedly changed in Russia, which also has implactions for the spot market in Eastern Europe..

Average yields revised to 1.55 metric tonnes per hectare in Canada

Agricultre and Agri-Food Canada has now raised its yield estimates to an above-average 1.55 metric tonnes per hectare. Production is now expected to range at 577,000 metric tonnes, which is around 17.3% higher than last year and prices are set to decline by 7.3%. Market analyst Oil World estimates global production at 3 million metric tonnes. Russis is expected to produce 650,000 metric tonnes, around 130,000 mt more than last year. Production is also expetced to rise in Kazakhstan. Due to the c

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