Linseed exports closed the past season (2017/18) at a four-year low, report UkrAgroConsult’s analysts. A total 23.3 KMT of linseed was supplied to foreign markets over the season (September-August), or 63% less than during the same period last season (a record 63 KMT). The market’s potential has been slashed due to decreased plantings and consequently lower production of linseed.
The 2017/18 range of export destinations looks stable. The biggest importers absorbed a combined over 80% of total linseed exports, including 37% shipped to Vietnam, 33% to the EU, 7% to Bangladesh, and 6% to Egypt. At the same time, almost all of the top buyers decreased purchases – only Bangladesh stepped them up. In addition, Turkey, one of last season’s top three importers, purchased just 0.3 KMT in MY 2017/18 against 5.3 KMT a year ago.