April 6, 2020 4:01 PM
Editorial content from Der AUDITOR
Latest News - Oilseeds

Flaxseed: limited supplies for Western Europe

NUR-SULTAN/OTTAWA. While farmgate prices are largely stable in Kazakhstan, price adjustments are taking place on the spot market in Europe. Agriculture and Agri-Food Canada has, in addition, issued revised estimates.

Prices climb to 4-year high

Buyers currently have to accept spot market prices starting at EUR 0.60 per kg DDP Germany for brown flaxseed, the highest seen since July 2015. As market players report, the suppliers in Kazakhstan and in Russian prefer to sell to China, where buyers are prepared to pay higher rates. Market supplies are, therefore, rather limited for Western Europe and truckloads are mainly being sold. Prospects are highly encouraging for Kazakhstan as market players reckon that sowing may rise by 30%.

Flaxseed

Quality

EUR/kg

Brown, 99.9%, Eastern Europe, DDP DE

0.60-0.62

Brown, 97%, Kazakhstan, EXW KAZ

0.35-0.36

Brown, 97%, Russia, EXW KAZ

0.39-0.40

*Reference prices

Production estimated at 650,000 metric tonnes in Canada

Agriculture and Agri-Food Canada has issued nominally revised estimates for March. The area seeded is expected to rise by 20%. Coupled with higher yields, production should climb to 650,000 metric tonnes in 2020/2021, which is an increase of 34% over last year. Although supplies are higher, the average price is expected, nevertheless, expected to rise to CAD 510/mt. Problem is that domestic demand and export volumes should range higher.

Flaxseed, Canada

2018/19 vs 2019/20

2019/20 vs 2020/21

Area seeded (ha)

347,000

379,000

9.2%

379,000

450,000

18.7%

Area harvested (ha)

342,000

339,000

-0.9%

339,000

421,000

24.2%

Yield (t/ha)

1.44

1.43

-0.7%

1.43

1.54

7.7%

Production (t)

492,000

486,000

-1.2%

486,000

650,000

33.7%

Imports (t)

9,000

10,000

11.1%

10,000

10,000

0.0%

Total supply (t)

628,000

556,000

-11.5%

556,000

725,000

30.4%

Exports (t)

466,000

400,000

-14.2%

400,000

500,000

25.0%

Domestic use (t)

102,000

91,000

-10.8%

91,000

110,000

20.9%

Carry-out stocks (t)

60,000

65,000

8.3%

65,000

115,000

76.9%

Avg Price in CAD/t

496

505

1.8%

505

510

1.0%

Agriculture and Agri-Food Canada

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price chart, flaxseed, brown, 99.9% purity, Eastern Europe
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Harvest dates
Next harvest dates for Flaxseed
Country
Start of harvest
USA
7/1/20
Austria
8/1/20
Belgium
8/1/20
Czech Republic
8/1/20
Estonia
8/1/20
Finland
8/1/20
France
8/1/20
Germany
8/1/20
Hungary
8/1/20
Italy
8/1/20
Learn more
Crop sizes

Crop sizes for Flaxseed
Country
Year
Crop size
Kazakhstan
2018
933,533 mt
Russia
2018
598,953 mt
Canada
2018
492,000 mt
China
2018
365,511 mt
India
2018
174,000 mt
USA
2018
121,540 mt
Ethiopia
2018
101,875 mt
France
2018
46,551 mt
United Kingdom
2018
43,000 mt
Ukraine
2018
23,610 mt
Learn more

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