Flaxseed: price increases in the new year

December 17, 2020 at 9:00 AM , Der AUDITOR
Play report as audio

NUR-SULTAN/MOSCOW. Some market players are trying to push up flaxseed prices by holding back their goods. In China, meanwhile, there are further border closures.

Supplies are shrinking

According to market players, both Russian and Kazakh traders are currently holding back their goods in order to increase prices. This leads to full warehouses in the countries of origin, while the goods are slowly running out on the European market. From January, the trade expects prices of up to EUR 0.72/kg DDP Germany for cleaned brown flaxseed, which is currently trading at EUR 0.68/kg. There is only little demand for golden flaxseed, so there are still sufficient supplies.

View related articles

Go to the News Overview
Grains
Nov 1, 2024
BRUSSELS. Russia’s failed attempt to drive up wheat prices has slowed shipments. Ukraine’s corn exports are 18% up. Rain has prompted sowing to gain pace for soybeans in Brazil and Argentina. Rumour has it that China will slash retaliatory tariffs on Canada's canola.
Oilseeds
Oct 31, 2024
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.
Oilseeds
Oct 31, 2024
OTTAWA. The Canadian mustard seed harvest has so far resulted in lower yields than initially hoped for, but the crop result remains significantly better than in previous years.
Oilseeds
Oct 30, 2024
SOFIA/DALIAN. Disappointing crops in the European sunflower seed market are driving some suppliers to take drastic measures. In the Chinese market, however, the new crop is causing prices to fall.