Linseed looks promising for Ukrainian farmers

03.11.2016

In Ukraine linseed belongs to niche agricultural crops, which require further advanced processing and are used in related industries such as pharmaceutical, confectionery, textile and others, reports UkrAgroConsult.

Export duty at 23% set in 1999, which triggered acute reduction of linseed acreage, was an obstacle for linseed production recovery in Ukraine. Currently, the linseed export duty has been lowered to 10%. However it is no longer so critical for farmers amid increased demand for this commodity in foreign markets.

In recent years an increased interest in linseed cultivation has been observed. There are several reasons for this…

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils & CIS” and “Online market review” by UkrAgroConsult.

 

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