Production of linseed is a promising niche for Ukrainian agricultural producers. This was stated by the Deputy Minister of Agrarian Policy and Food Olga Trofimtseva.
According to the Deputy Minister, linseed is an extremely promising niche for farmers. Both in terms of its place in crop rotation, and in terms of drought resistance. At the same time, the profitability of linseed flax can range from 43% to 95%, depending on applied technologies and productivity.
Linseeds and linseed oil are currently in great demand from the EU countries and other world markets. Thus, the annual demand of the EU countries for linseed imports is about 650 KMT, reportsUkrAgroConsult.
Back in 2013, Ukraine exported 10.9 KMT of linseed and 2.8 KMT of oil, in 2017 linseed exports increased to 56.8 KMT, oil - up to 9.9 KMT, 45% of which were supplied to the EU countries.
According to estimates of the Ministry, from year to year, the planted area of linseed varies significantly – from 19.1 Th ha in 2008 to 67.8 Th ha in 2016. According to the Ministry, in 2018 the acreage equals 32.1 Th ha.
The Egyptian state buyer GASC purchased sunflower oil and soybean oil