Russia may increase the export of linseed oil several times

Published 2022년 9월 9일

Tridge summary

Russia has seen a surge in oilseed flax production over the past three years, emerging as a global leader in both flax production and the export of raw linseed oil. The country's oil flax harvest is projected to reach 1.5 million tons in 2022, a significant increase from the previous year. Although Russia primarily exports oilseed flax as a crude material, it has started to export oil in substantial quantities, with the number of flax processing plants set to increase. The Asian region, the Middle East, and aquaculture-focused countries are identified as potential markets for the export of finished products, such as linseed oil, which is used in the production of cosmetics, medicines, dietary supplements, and aquafeed. The economic benefits of flax cultivation have caught the attention of agricultural producers, with plans to expand flax production without encroaching on rapeseed cultivation areas by introducing new land and enhancing cultivation technologies.

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Original content

In the past three years, the production of oilseed flax has been growing In the last three years, the production of oilseed flax in Russia has been increasing. In addition, our country is in first place in the world in terms of its export, and in second place in the export of raw linseed oil. Mikhail Maltsev, Executive Director of the Oil and Fat Union, told Agroexport about this. He believes that in the near future Russia will be able to increase the volume of supplies of linseed oil abroad by several times by reducing the export of flax oilseeds. According to the forecast of the union, in 2022 the oil flax harvest in Russia will be about 1.5 million tons, which is almost twice as much as last year. At the same time, the production of oil and meal has so far increased slightly. “Therefore, we mainly export oilseed flax as a raw material, but starting from 2018, we also started exporting oils, shipping abroad an average of 30,000 tons per year. Russia is among the top 3 world ...

Source: Specagro