Tridge summary
Specialists predict a 17% decrease in global linseed oil production, reaching only 3 million tons, the lowest in five years. This decline is due to reduced acreage in key producing countries, including North America, where farmers have shifted focus due to competition from Russia and Kazakhstan. However, experts expect the decline to be offset by high transitional flax reserves in China, creating a supply deficit in the global market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
In the coming season, the world production of linseed oil may decrease by 17% and amount to only 3 million tons, which will be the weakest indicator in the last five years. Such a forecast was voiced by specialists of the analytical agency OilWorld (Germany), UkrAgroConsult reports. Follow the news in a convenient format: Follow us on Twitter A decrease in the gross collection may occur against the background of a reduction in acreage under the crop in key producing countries. Farmers in North America have lost interest in growing flax due to increased export competition from the Russian Federation and Kazakhstan. So, in Canada, the sown area under oil crops decreased by 22% — to only 0.25 million hectares, which is the lowest result in more than 20 years, the message says. Flax crops also decreased in the Russian Federation and Kazakhstan, as local farmers switched to growing more profitable grain and oil crops. However, industry experts expect that the decline in production will ...
Source: Landlord
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