Flaxseed Market Outlook 29.01.24

Not a great deal has changed since the last report. The market remains firm, however, demand is relatively slow in Europe and as a result, the current market levels are stabilising. The general consensus is that the raw material will sit at these levels until the new season's crop and then hopefully come down.

The advice is to cover volumes to Q3 in hopes the new crop will come down in price. Besides this, it is now rumoured that the golden/yellow linseed could be down as much as 30% compared to last year's supply, but this had yet to be reflected in the price.