Linseed in Ukraine remains a niche crop, with its production being volatile. Following a peak crop in MY 2016/17 due to record high acreage and yield, the 2019/20 season continued a three-year period of production decline, reports UkrAgroConsult.
The key factors curbing growth of Ukraine’s linseed market remain the same as before:
- the internal one consists in 10% duty on oilseed exports;
- the external one is strengthening positions of Russia and Kazakhstan, which are the world’s key linseed producers.
In MY 2019/20, linseed becomes a still more export-oriented crop. 50% of its 2018/19 harvest was shipped abroad, whereas UkrAgroConsult forecasts this season’s export percentage at above 80%.
Over 62% of this season’s linseed export potential was already realized in the first five months of MY 2019/20.
At the same time, crushers considerably reduced linseed processing, with linseed oil exports heading to an abysmal low.
Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp.com by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants that contains historical and current market data, daily updates on grain, oilseed and pulses markets. We offer 7-days trial! Completely free!
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