The growth of oil linseed reduces prices on the world market
Global flaxseed prices are falling as growing areas in Canada, the US and Russia increase, increasing competition in the market. The increase in areas is partly due to expectations that EU tariffs on Russian flax will increase to 50% in 2026. The export price of Kazakh flax is $600-610 per tonne (FCA), and on CIF ARAG terms (Amsterdam/Rotterdam/Antwerp/Ghent) prices have fallen by $40 compared to last week, to $750 per tonne for August delivery.
In 2025, Canada expanded its area under linseed from 185,000 ha to 251,000 ha, while in the US it doubled from 75,000 ha to 152,000 ha. In Russia, oilseed flax crops have also increased to 1.7 million hectares compared to 1.67 million hectares last year, and the forecasted harvest could reach 1.6 million tons compared to 1.35 million tons in 2024.
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