World production of flax in 2023-24 will decrease to the lowest figure in the last five years

World production of oilseed flaxseeds in the 2023-24 agricultural year (for oilseeds lasts from September to the end of August of each calendar year) will decrease to the lowest figure in the last five years - three million tons. This is reported by experts from the German analytical agency Oil World. It is also 17 percent less than last year's value. The decrease in the indicator is associated with a sharp reduction in the area under crops in the main producing countries. It, in turn, is explained by the loss of interest in its cultivation for one reason or another. For example, in the countries of North America, the demand for production has decreased due to increased competition from Russian and Kazakh exporters. For example, in Canada, the area under oilseeds decreased to the lowest indicator in more than 20 years - 250,000 hectares, or by 22 percent from last year. However, in Russia and Kazakhstan themselves, oil flax crops have also been seriously reduced. This time the ...