Flaxseed Prices Rise Driven by Supply Constraints 

Flaxseed prices in Kazakhstan are on the rise this week due to a limited number of market offerings, according to monitoring data from APK-Inform. As of January 15, demand prices for flaxseed ranged between USD 0,210–0,220/kg, showing an increase compared to the previous week. Traders attribute this price hike to restricted availability in the market, which has tightened competition among buyers.

Decline in Stocks Adds Pressure

Kazakhstan’s flaxseed stocks have declined significantly compared to last year. Official statistics indicate that, as of January 1, 2024, total stocks were recorded at 627,000 tonnes. A substantial drop from 786,000 tonnes reported during the same period in 2023.

This lower stock level has created additional pressure on prices, with traders and processors competing to secure limited quantities. Market experts suggest that the reduced availability of flaxseed could continue to support price increases in the short term.

The increasing demand for flaxseed in both domestic and international markets, coupled with reduced stocks, is expected to sustain the bullish trend in prices. Additionally, global factors such as supply constraints and growing demand for plant-based oils are likely to influence the Kazakh market.

KazOil Conference to Address Market Trends

The ongoing trends in Kazakhstan’s flaxseed market will be discussed in detail at the KazOil International Conference, scheduled for February 13 in Astana. The event will feature key speakers from the oilseed industry and focus on solutions for managing current challenges. Attendees can expect insights into production, export potential, and strategies for navigating volatile market conditions.

Conclusion

Flaxseed prices in Kazakhstan are climbing, driven by limited supply and declining stock levels. As the KazOil conference approaches, stakeholders are looking forward to valuable discussions that could shape the future of the oilseed market. For now, the combination of high demand and tight supply is expected to keep prices firm in the coming weeks.





Click here to reach our trading platfrom CMBroker