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
Nuts
Nov 25, 2024
NEW DELHI/BUENOS AIRES. Prices for Indian peanuts are currently volatile and there is disagreement as to whether they will rise or fall in the coming weeks; both seem possible. Argentine market players are facing numerous challenges.
Grains
Nov 22, 2024
BRUSSELS. With the war in Ukraine taking new terrible turns concerns are growing that wheat and corn will be impacted. Rumour has it that France exported much more wheat to Morrocco than official figures suggest. US soybean exporters depend much less on China than one may think. Euronext rapeseed futures have slipped.
Oilseeds
Nov 21, 2024
NEW DELHI/BRASÍLIA. India's sesame seed exports increased significantly in volume terms in October 2024, while the export value rose only moderately due to lower prices. Despite a smaller crop, the recent price declines could be only temporary.
Oilseeds
Nov 21, 2024
CHRUDIM. Larger acreages and higher yields have significantly increased the Czech blue poppy seed crop this year. This has ensured that prices have become noticeably more favourable again compared to previous years.