Source: Oleoscope (Russia)
The flax harvest has started in Kazakhstan. Buyers’ offers are in the range of 180-190 thousand KZT/ton EXW. Experts note that flax offers from farmers have not yet been received.
Forward prices of Prodkorporatsiya Kazakhstan not voiced, the flax market continues to be inactive.
Oilseeds by September 19 in the country harvested from an area of 136 thousand hectares, the average yield is 11.0 centners/hectare, threshed 150.3 thousand tons.
The size of the cultivated area under the crop in the country is about 1 million hectares. The head of the production committee of the Kazakh Grain Association, Talgat Aldazharov, pointed out that the increase in acreage is due to increased competition for Chinese markets, especially from Russian suppliers.
In the first six months of 2024, Kazakhstan reduced its flaxseed exports by 42% – from 144.1 million dollars to 83.3 million dollars – compared to the same period last year. Total exports of agricultural commodities fell by 39% to 1 billion dollars.