Ukraine has been increasing its flax exports for the fourth month in a row amid active demand from exporters. Exports in October amounted to 7.65 thousand tons, which is 26% more than in September this year, according to the information and analytical agency APK-Inform.
Analysts noted that the main buyers of flax are EU countries. In October, 43.1% of supplies were purchased by France, 16.8% by Poland, and 11.4% by Italy.
“The increase in flax exports began in July this year, when the active phase of harvesting this crop began. Thus, flax exports in July were recorded at 1.37 thousand tons, and in August at 3.3 thousand tons,” the experts noted.
A sufficient supply of flax is pushing buyers to lower prices. Thus, the maximum demand prices for flax in Ukrainian ports fell by UAH 800/ton over the month and, as of November 6, usually do not exceed UAH 28,500/ton CPT port, according to APK-Inform.
