Russia is the world's leading oil flax exporter

Published 2023년 3월 23일

Tridge summary

Russia is a global leader in the production and export of niche oilseeds, particularly oil flax, which saw a significant increase in harvest in 2022. The lack of state regulation in the market has made flax farming profitable, with the majority of the produce being exported. The country also has a profitable linseed oil production business, with plans to increase output and export. The demand for linseed oil, used in various industries, is expected to rise due to the recovery of the Asian and Middle Eastern production industries and the trend towards healthy eating.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In recent years, the country has been actively growing production of niche oilseeds and products of their processing. According to TradeMap, Russia ranks first among the world's oilseed exporters, well ahead of Canada and Kazakhstan following behind. In terms of the export of crude linseed oil of the Russian Federation, it ranks second, and in other terms, including technical, it ranks 10th. In Russia, in recent years, the production of niche oilseeds and products of their processing has been actively growing. The harvest of the most significant of them - oil flax - in 2022 reached a record 1.733 million tons against 1.296 million tons in 2021, writes OleoScope. Over the past 10 years, this crop has gained particular popularity in our country, because the area under it has grown almost 4.5 times (from 479 thousand hectares in 2013), and the harvest - 6 times (from 295 thousand tons). Such interest is mainly due to the lack of state regulation in the market of niche oilseeds. ...

Source: Specagro