Limited supply causing Canadian flax prices to increase

Tightened stocks and strong export demand have caused Canadian flax prices to increase significantly since the 2020 harvest. Some producers have recorded prices being up by 50% since harvest and reported prices to vary between $14.90-$18/bushel across Alberta, Saskatchewan, and Manitoba. Exports were up 444% through September while it is believed that production is going to be below the 552K MT as predicted by Statistics Canada.