Linseed exports from Ukraine decreased threefold in MY 2017/18

25.04.2018

Linseed exports from Ukraine continued sinking in March 2018. They were down 31% at 0.6 KMT versus 0.8 KMT in February 2018. Their volume decreased tenfold against March 2017. A total 19 KMT of linseed was supplied to foreign markets during the first seven months of the current season, i.e. 61% less than a year ago, reports UkrAgroConsult.

As a reminder, despite the decline in exports, the range of end markets for Ukrainian linseed was diversified considerably in MY 2017/18. Their number closed the seven-month period at 45 countries. At the same time, the top buyers combined account for some 86% of total exports. This includes a 41% export share of Vietnam, a 31% share of the EU, and 7% shipped to Egypt and Bangladesh each.

At the same time, Kazakhstan continues stably supplying linseed to its traditional end markets. Linseed shipments in the MY 2017/18 stay at a record level, that resulted from crop acreage diversification that had expanded oil flax plantings by 33.6% in 2017. The largest destination market is the EU, which absorbed about 65-70% of total Kazakh exports. Thus, Ukraine has a strong competitor on the EU market.

More information on oilseed crops and vegetable oils markets 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.

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