Tridge summary
The article provides an analysis of the significant increase in export prices for Russian oil flax seeds, with a 51.4% rise in 2021 compared to the previous year. The highest and lowest export prices were observed for ships to Turkey and Poland, respectively. In January 2022, the average cost of Russian flax seeds reached $807.1 per ton, with Italy and China as the highest and lowest recipients of these seeds in terms of price. The domestic market also saw a price increase, with the average price per kilogram including VAT at 62.6 RUB/kg as of March 2022. Factors contributing to future price growth include the weakening national currency, high global prices for other oilseeds and vegetable oils, while potential challenges in supply to European countries and state restrictions on exports for food security reasons are expected to limit price growth.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Export prices for oil flax seeds Important! In this case, foreign trade prices mean the average stat. delivery cost per ton at customs. This figure may differ from actual market prices and is only an indicator of market trends. Export prices (average delivery cost per ton) for Russian oil flax seeds in 2021, according to AB Center calculations, amounted to 738.6 USD/t, which is 51.4% more than a year earlier. In terms of rubles, prices strengthened by 49.9% to 54,148 RUB/t. Dynamics of average annual export prices for Russian flax seeds (in US dollars, and in terms of rubles on the date of export) If we consider the TOP-5 key buyers of Russian flax seeds, the lowest export prices were observed for flax shipped to Poland (694.2 USD / t, 50 789 RUB / t), the highest - to Turkey (861.1 USD / t, 62,500 RUB/t). Export prices for Russian flax seeds by countries of destination In January 2022, the average cost of oil flax seeds exported from the Russian Federation, according to ...
Source: Oilworld
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