Flaxseed: encouraging prospects in Kazakhstan
June 10, 2020 at 10:41 AM ,
Der AUDITOR
Farmgate prices decline
Abundant rainfall and sufficient soil moisture are expected to benefit harvesting. While cleaned flaxseed is trading in a stable range in the spot market in Eastern Europe, raw seed prices have been cut to EUR 0.43-0.44 per kg FCA Kazakhstan. Although prices of around EUR 0.50 per kg FCA are currently being offered for deliveries in July through to the end of August, they are by no means popular with buyers. The raw seed from the new crop are, however, trading much lower at EUR 0.35 per kg FCA.
Flaxseed |
|
Quality |
EUR/kg* |
Brown, 99.9%, Eastern Europe, DDP DE |
0.620-0.640 |
Brown, 97%, Kazakhstan, FCA KAZ |
0.430-0.440 |
Brown, 97%, Russia, FCA RU |
0.450-0.480 |
Brown, 97%, Canada, EXW Manitoba |
0.362 |
*reference prices |
Rise in exports from Kazakhstan
As data issued by the Statistical Office in Kazakhstan indicates the country shipped a total of 138,285 metric tonnes of flaxsseed worth USD 58.68 million overseas in January-March 2020. Belgium and China are the most important buyers by far with shipments ranging above 30,000 metric tonnes. Russia (20,288 mt), Poland (14,580 mt) and Germany (5,572 mt) are also important export destinations.
In 2019, the total export volume ranged at 512,659 metric tonnes. More than half of this volume (260,000 mt) was shipped to Belgium. Other important export destinations include Poland (80,910 mt), Afghanistan (42,399 mt) and Germany (28,470 mt). Last year's shipments to Russia (26,556 mt) and to China (11,541 mt) range much lower than this year.
Flaxseed exports* Kazakhstan 2020 |
||
Destination |
mt |
in USD 1,000 |
Belgium |
38,430 |
16,720 |
China |
38,236 |
16,139 |
Russia |
20,288 |
7,339 |
Poland |
14,580 |
6,341 |
Germany |
5,572 |
2,778 |
Turkey |
4,869 |
2,397 |
Afghanistan |
3,866 |
1,446 |
Italy |
3,139 |
1,580 |
Uzbekistan |
3,056 |
850 |
Netherlands |
1,234 |
723 |
Others |
5.015 |
2.373 |
Total |
138,285 |
58,684 |
Statistical Office of Kazakhstan / Jan-Mar *120400 Linseed, whether or not broken |
View more information
- price chart, flaxseed, brown, 99.9% purity, Eastern Europe
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