Amidst a modest flaxseed harvest, the majority of farmers in Kazakhstan are opting to hold off on selling, anticipating a potential surge in prices in the near future.
We should note that buyers are ready to purchase flaxseed at prices, as a rule, in the range of 185`000-190`000 tenge/t EXW.
As previously reported by APK-Inform, according to experts, a unique situation has developed in the current season on the global market of flaxseed – the demand for raw materials for processing in the current season far exceeds the level of supply. Evgeny Karabanov, the founder of "Severnoe Zerno" LLC, revealed at the international conference Asia Grains&Oils Conference: Results of 2023 in Almaty that flaxseed stocks in Kazakhstan are only about 30.000 tonnes.
Follow the further development of the situation on the Kazakhstan