Ukraine: Positive expectations for the flax market in 2023/24

Published 2023년 11월 21일

Tridge summary

The 2022/23 season saw a 20% increase in flax area compared to the previous year, but also a 44% decrease in yield, resulting in a 34% decrease in harvest. The share of linseed exports in the harvest fell to 67% compared to the previous year due to increased production in other countries. The 2023/24 season is expected to see an increase in the area planted to oilseeds, including flax, with a projected harvest of 40 K mt and a potential 14% increase in export.

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

Original content

2022/23 season – Flax area (+20% compared to 2021/22 MY, the highest for the last five seasons); – Yield (-44% from the record high of 2021/22 MY, the lowest for the last four seasons) – Harvest – 27.5 K mt (-34% compared to 2021/22 MY); In 2022/23 season, share of linseed exports in the harvest fell to 67% compared to 83% the previous year as other countries production increased impressively: Flax exports in the 2022/23 – 17.6 K mt (-49% compared to 2021/22 MY), the EU is the main importer. Season of 2023/24 In 2023, the area planted to oilseeds increased due to the higher oilseeds profitability compared to cereals, including flax, which is no exception despite being a niche crop: – The area is expected to increase to the maximum for the last 6 years; – Yield at the level of the average of the last three years (lower moisture discouraged high yields); – the 2023 Flax harvest expected to reach 40 K mt. Flax export potential (+14% by 2022/23). The level of exports will ...

Source: UkrAgroConsult