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Масложировой союз: Россия может увеличить экспорт льняного масла в несколько раз

Published Sep 7, 2022

Tridge summary

Russia is leading in the global production and export of oilseed flax, with a forecasted harvest of approximately 1.5 million tons for 2022, which is double the previous year. The country's flax exports increased by 73% in the 2021/22 season, reaching a record 975 thousand tons, and is looking to further increase its linseed oil exports with the launch of two new flax processing plants. The demand for flax is high on world markets, particularly in the Asian region, the Middle East, and aquaculture industries, due to its use in the production of healthy products and aquafeed. The cultivation of oilseed flax is economically beneficial for farmers and has the potential to become a significant income-generating crop in Russia.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the last three years, the production of oilseed flax in Russia has been increasing. In addition, our country is in first place in the world in its export, in second place in the export of raw linseed oil. Mikhail Maltsev, executive director of the Oil and Fat Union, told Agroexport about this. He believes that in the near future Russia will be able to increase the volume of supplies of linseed oil abroad by several times, reducing the export of flax oil seeds. According to the forecast of the union, in 2022 the oilseed flax harvest in Russia will be about 1.5 million tons, which is almost twice as much as last year. At the same time, the production of oil and meal has so far increased slightly. “Therefore, we mainly export oilseed flax as a raw material, but since 2018 we have also started exporting oils, shipping abroad an average of 30,000 tons per year. Russia is among the top 3 world oilseed flax exporters, competing with Canada and Kazakhstan,” Maltsev is quoted in the ...
Source: Oilworld
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