Russia this agricultural year can export a record 620 thousand tons of oil flax

Published 2021년 6월 15일

Tridge summary

Russia is set to achieve a record oil flax export volume of 620 thousand tons in the ongoing agricultural year, an increase from 512 thousand tons the previous year, as per the monitoring of ProZerno company. This marks the highest export figure since the 2016/2017 agricultural year. The main importer is China, with a 57% share, and other significant buyers include Belgium, Poland, Latvia, and Italy. The oilseed flax crop size has risen to 788 thousand tons from 651 thousand tons in the previous year. The increase in exports is attributed to a decrease in the supply of other oilseeds like sunflower seeds and rapeseed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Russia in this agricultural year (agricultural year for oilseeds - September 2020 - August 2021) can export 620 thousand tons of oil flax (flax-kudryash) against 512 thousand tons a year earlier, follows from the monitoring of the ProZerno company. This could become a record since 2016/2017 agricultural year, when exports amounted to 579 thousand tons. From September 2020 to April this year, exports reached 455.9 thousand tons against 448.1 thousand tons a year earlier. The main buyer is China, which accounted for 261 thousand tons (57%). In addition, 110 thousand tons were delivered to Belgium, 22 thousand tons to Poland, 20 thousand tons - to Latvia, 15 thousand tons - to Italy. Last year, the oilseed flax crop increased to 788 thousand tons from 651 thousand tons in 2019. According to the general director of the company Vladimir Petrichenko, this agricultural year is marked by an increased interest of buyers in oilseed flax. This is happening against the backdrop of a decline ...

Source: Oilworld