Ukraine: The area under flax in the new season will update the anti-record - experts

Published Jul 1, 2021

Tridge summary

Ukraine is experiencing price competition losses in the flax market to key global producers such as Kazakhstan, Russia, and Canada for the current season. The export potential for the 2020/21 marketing year is expected to be low, with the EU accounting for 69% of flax imports. However, there has been a rise in domestic processing of flax and exports of linseed oil, primarily to the EU and China. Factors such as increased transitional stocks and favorable weather conditions for traditional oilseeds are expected to limit flax sowing areas in the 2021/22 season, potentially setting a record low for flax cultivation.

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

Original content

This was reported by ukragroconsult.com. "This season, Ukraine is losing price competition to key global flax producers - Kazakhstan, Russia and Canada. The export potential of the flax market in 2020/21 MY is minimal since 2008/09 MY. The EU remains the key importer of Ukrainian flax with a market share of 69%, ”the statement reads. At the same time, there is an increase in domestic processing of flax and exports of linseed oil, the bulk of which is exported to the EU and China "Following the results of 2020/21 MY, the growth of transitional stocks is expected, which will be one of the reasons limiting the expansion of sown areas in the 2021/22 season. Another reason that will leave flax in the niche segment, not allowing to ...

Source: Agravery