Flaxseed: situation on the Kazakh-Chinese border comes to a head

March 11, 2021 at 12:01 PM , Der AUDITOR
Play report as audio

NUR-SULTAN/OTTAWA. After weeks of delays due to Chinese controls at the border, the state-owned Kazakh railway company has stopped deliveries to the neighbouring country for the time being. Meanwhile, flaxseed prices have increased slightly again.

Prices continue to rise

Flaxseed prices in Kazakhstan continue their upward trend. Farmgate prices for brown flaxseed, 97%, for March deliveries are currently at USD 835-840/mt CIF Ghent, deliveries in April are slightly cheaper at USD 830/mt. On the European spot market, prices for cleaned goods have also risen slightly and are at EUR 750-770/mt DDP Germany for brown flaxseed with a 99.9% purity.

Flaxseed, 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.