The situation on the global oilseed flax market is tough: By May 2024, there may be no raw material left for processing

A rare situation has arisen on the global oilseed flax market - the need for raw materials for processing in the current season far exceeds the supply level. “If in previous years we saw a significant surplus of supply over processing, today the numbers are not just equal, but supply is about 100 thousand tons lower than the level of demand for processing. Only the leftovers, which, by the way, are very small, will help out.” , - informed the founder of Northern Grain LLP Evgeny Karabanov at the International Conference "Asia Grains & Oils Conference: Results of 2023" in Almaty. According to his estimates, in Kazakhstan the remains of oilseed flax amount to only about 30 thousand tons, in Russia - about 50 thousand tons and in Canada - up to 180 thousand tons. “The situation on the market is quite tough. It is not yet clear why everyone is so calm and relaxed - in May we will see how everyone runs in when there is no more flax,” the expert emphasized. According to him, at the ...