Global flax seed market: Russia and Kazakhstan are on the greedy Chinese market, while Europe remains closely linked with Canada

Russia and Kazakhstan are the two major world producers of flax seeds who are playing the game of growing demand for this product in Europe and above all in China, where the demand for loose seeds and the oil derived from them is registering an increase. very strong acceleration, with skyrocketing prices and where oil is starting to be preferred, due to its nutritional properties, to traditional ones such as palm or olive oil. The growth of the flaxseed market is announced by many voices and will be driven above all by the already significant size of the demand which is destined to rise and, to date, not satisfied by the market supply. According to what emerged from the 'Asia grain and oils conference', held in Tashkent, the capital of Uzbekistan, on 14 and 15 September 2023, there is currently a global supply gap of around 100 thousand tonnes. This was stated by Evgeny Karabanov, founder of the Kazakh company Severnoe Zerno LLP, among the panelists of the conference. Karabanov ...