Last week, flax prices in Kazakhstan remained stable, but amid rising vegetable oil prices on global markets, experts expect an increase in the value of this crop. This was reported by Yevgeny Karabanov, head of the analytics committee of the Grain Union of Kazakhstan.According to him, the flaxseed market is experiencing a pause ahead of a potential price rally. The key factor, he noted, is the increase in prices for rapeseed, soybean, and palm oils, driven by rising oil prices.
According to the Grain Union of Kazakhstan, the domestic price for flax on EXW terms remained unchanged last week at 230–240 thousand tenge per ton (465–486 USD/t).
Export prices on FCA Kazakhstan terms also stayed at the same level — 510–515 USD/t. The price for Kazakh brown flax (97% purity) on DAP Poland terms remained unchanged at 540–545 EUR/t.
At the same time, on C&F ARAG terms, the price increased by 10 USD/t to reach 700 USD/t with shipment in April.
On the Chinese market, flaxseed prices increased on average by 50 CNY/t. Domestic prices reached 4,800–5,150 CNY/t (695–746 USD/t), while C&F Tianjin port prices rose to 3,850–4,200 CNY/t (558–608 USD/t).
As Yevgeny Karabanov emphasized, the current price stability is temporary and precedes a possible upward movement in the flax market.
Source: https://agrosearch.kz/en/news/eksperty-prognoziruyut-rost-cen-na-len
