Kazakhstan exporting linseed at a record pace

22.05.2018

Linseed exports during the first seven months of MY 2017/18 remain at the maximum level, reaching 266 KMT versus 223.7 KMT a year ago (up 19%), reports UkrAgroConsult.

Linseed exports from Kazakhstan totaled 38.5 KMT in March 2018, i.e. 12% less than in the previous month but 82% more than in March 2017. March’s shipments hit their highest ever.

The current season witnesses not only a rise in linseed shipments to European importers but also diversification of end markets. The number of buying countries has increased to 30 by now.

As before, the biggest end market is the EU, whose export share approximates 70%. Afghanistan, on the contrary, reduced linseed imports and its export share is now down at 18%. Much smaller volumes are shipped to Uzbekistan, Iran, and Turkey, whose export shares equal 5%, 3%, and 2%, respectively.

The 2017 linseed crop rise by almost 22% enhanced the country’s export potential in the 2017/18 season.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

UkrAgroConsult

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