Kazakhstan opening new markets for linseed

06.03.2017

Linseed exports from Kazakhstan totaled 29 KMT in January 2017, i.e. almost half as much as in December (57.5 KMT) and up almost 86% from January 2016. Altogether, linseed supplies to foreign markets in the five months of 2016/17 reached a record 175.3 KMT that consolidated Kazakhstan’s position as one of the world’s top exporters of this oilseed. This season’s export trade is up almost 25% from the same time last season (140.4 KMT). The 2016/17 increase in export potential directly depends on the bumper linseed crop of 562 KMT (up 12% against the 2015 harvest), reports UkrAgroConsult.

Kazakh linseed exporters are going the way of diversification of destination markets. This season’s number of importing countries (26 countries) has already exceeded last year’s statistics. As before, the traditional leaders are Belgium (39% of total exports), Afghanistan (28%), Poland (8%) and Germany (7%). Shipments to Egypt, Singapore, Romania, Spain and Sweden were started in MY 2016/17. At the same time, the top five importers still absorb a considerable portion of Kazakh linseed (over 87%).

 

UkrAgroConsult

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