Kazakhstan may become the leading linseed producer in the new season

09.10.2018

In the new 2018/19 season, the top linseed producers will include Kazakhstan, whose crop is forecast at 0.7 MMT, Russia with 0.6 MMT, and Canada with 0.5 MMT, report UkrAgroConsult on the basis of Oil World (Germany) information.

As a reminder, the total harvest area of oilseeds in Kazakhstan equals 2.8 Ml ha in 2018 that is 0.4 Ml ha larger than last year. According to the Ag Ministry of Kazakhstan, oilseed production is expected at 2.3 MMT.

Russian oilseed production also follows an upward trend. So, the overall linseed crop is expected to increase to 0.7 MMT by 2024. Some 90% of its volume is shipped abroad. This trend may persist over the coming seven years.

According to expectations, linseed exports from Kazakhstan, Russia and Ukraine may reach a combined 1.1 MMT.

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

If you need fast and reliable analytical tool, historical and current market data, daily updates on grain, oilseed and pulses markets, try out a new innovative tool for agri market participants – AgriSupp.com. We offer 2-week trial! Completely free!

 

UkrAgroConsult

 

Readers choice: TOP-5 articles of the month by UkrAgroConsult