EU becomes top buyer of Ukrainian linseed

14:00, 27 October 2016
Economy
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In September 2016 Ukraine exported 4.3 KMT of linseed compared to 2.5 KMT in August 2016 and 4.6 KMT in September 2015, according to UkrAgroConsult.

Photo from UNIAN

The third season in a row we can see the decrease in export volumes for the first month of the season, Ukragroconsult reports.

Along with this, by the end of the season opposite tendency is observed – increase up to record volumes, as it was in 2015/16 MY, when in September-August 40 KMT of linseed was shipped. Such situation is explained by rising interest of agro producers to this niche crop over the last several years, which in its turn causes higher export potential of Ukraine in this segment.  

Read alsoUkraine harvests over 51 mln tonnes of grainTraditionally in the first months of the season the largest volumes of the export potential are shipped to the foreign markets (50-70%). In some periods they reach 80%.

In September 2016 linseed was shipped to 27 countries with EU as a leader (53% of all exports), ousting Vietnam - the top buyer of 2015/16 (33%).

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