«Мировые рынки масличных впадают на наших глазах в серьезную депрессию», - ИКАР.

Published 2022년 9월 8일

Tridge summary

The article highlights the concerns of Dmitry Rylko, the Director General of the Institute for Agricultural Market Studies (IKAR), regarding the upcoming oilseed flax harvest in Russia and the potential impact on global market prices. Despite the possibility of record breaks in production, particularly with the increase in Russian flax seed exports, the prices are expected to decline due to predicted good harvests in Canada, Kazakhstan, and possibly Australia. IKAR forecasts record increases in the production of soybeans, rapeseed, and oil flax, with total oilseed production estimated to rise to 26.89 million tons from 24.843 million tons last year. Nevertheless, Rylko cautions that the global oilseed markets are facing a serious depression, indicating the need for significant price drops to offset the large harvests.

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Original content

Oilseed flax harvest may break last year's record - IKAR This year's oilseed flax harvest in Russia, as well as forecasts for the production of this crop by leading producing countries, do not give optimism in terms of world market prices. This opinion was expressed to the magazine pole.rf by the Director General of the Institute for Agricultural Market Studies (IKAR) Dmitry Rylko. Earlier, the Grain Quality Assessment Center reported that the export of flax seeds from the Russian Federation in the 2021-2022 agricultural year increased by 73%, to a record 975 thousand tons. Russia shipped seeds to 48 countries. “We can export more, for this we need to drop in price, because this year there will be a very good harvest in Canada, Kazakhstan and, possibly, there will be a good harvest in Australia,” Rylko said. According to him, the flax harvest, like other oilseeds, may again break the record this year. According to the IKAR forecast, previously transmitted by Interfax, soybean ...

Source: Oilworld