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Flaxseed: EU has increased imports from Canada 18-fold

September 19, 2024 at 2:58 PM , Der AUDITOR
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OTTAWA/ASTANA. The high import duties on Russian flaxseed are having a greater impact on EU imports from week to week. Other origins are currently benefiting greatly from this.

Prices stable for the time being

Prices on the Canadian flaxseed market have stabilised for the time being. However, the prospect of higher export demand from EU countries combined with the smaller acreage is likely to support prices, although initial trends suggest that yields will be higher than last year. However, the flaxseed harvest in Saskatchewan, Canada, has not yet fully started, which is why more precise yield estimates are still a long way off.

Prices for Eastern European flaxseed have also stabilised on the European spot market for the time being

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