China winning part of the Russian linseed market from the EU

UkrAgroConsult

Linseed exports from Russia in September-May 2020/21 totaled 474.9 KMT (+0.2% y-o-y). China is the main importer with a market share of 56%. It boosted purchases by 46.5% y-o-y, UkrAgroConsult reports.

The EU slid to second place on the ranking of importers, with its market share down at 39%. The purchases slumped by 23% y-o-y.

This season’s exportable surplus will be the highest in four seasons.

Growth in exports was registered to Bangladesh (+268%), Latvia (+96%), Egypt (+52%).

A slowdown in exports was fixed to Mongolia (-100%), Belgium (-34%) and Italy (-18%).

Learn more about development prospects of the oilseed sector in Ukraine and Black Sea region at the 9th International Conference ‘BLACK SEA OIL TRADE’, to be held on September 9 by UkrAgroConsult. Join the leading experts and market operators to discuss the most relevant issues. Let’s open a new oilseed season together!

UkrAgroConsult

Tags: Russia, China, linseed market