Oil flax production in Russia this season will remain approximately at the same level as in the previous one

According to the Oil and Fat Union, the production of oilseed flax this season will remain approximately at the same level as in the previous one. “Regarding the processing of flax and the production of linseed oil, our forecast remains, in 2023/24 the agricultural year it will grow by 1.5 times and reach a record 50 thousand tons,” the press service of the union clarifies. The main buyer of our oilseed flax and oil is China, which exports almost half of the grown raw materials and produced oil. In second place in terms of purchases of raw materials is Belgium, the third is Turkey, followed by Latvia and Poland. Russia ranks first among the world's oilseed flax exporters, according to TradeMap, and together with Kazakhstan, our global market share in 2023 is more than 80%, the union specifies. In terms of the export of crude linseed oil, our country is in second place in the world, the main buyers are China, Lithuania and Belgium, shared in the Union. Oil flax production volumes ...