China winning part of the Russian linseed market from the EU
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!
Tags: Russia, China, linseed market
Read also
Sergey Feofilov, UkrAgroConsult, will speak at the 5th CeMI Commodities Exchange M...
Kazakhstan bans sugar exports until the end of summer
Corn sowing in the U.S. is slow
India extends import window for yellow peas
Ireland and Europe face challenges in potato planting due to unpredictable weather
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon