Flaxseed: production estimates revised

January 14, 2021 at 10:53 AM , Der AUDITOR
Play report as audio

NUR-SULTAN/OTTAWA. Attractive prices are expected to boost sowing this year. Buyers in China and the EU continue to compete for Eastern European flaxseed. Trading has revived.

Production exceeds expectations in Canada

As Agriculture and Agri-Food Canada has recently reported the area harvested has exceeded expectations. The area sown in 2020 ranges at 337,000 ha, of which 371,000 ha were harvested. This is nearly 10% up on 2019. At 1.56 mt/ha yields may range below expectations, they are, however, 9% up on 2019. Demand is anticipated to drive up exports to 500,000 mt in 2020/2021, whereas exports only reached 350,000 mt in 2019/2020. This should also drive up prices, especiall since they remain high in Eastern Europe.

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.