A global fish oil shortage is expected to increase demand for linseed oil as an alternative feed ingredient in aquaculture. This could tighten the market and support higher prices, improving processing margins despite recent EU oversupply that had driven prices down to €640/t.
Linseed Oil co, mainly known as flaxseed oil, showed an upward movement in prices during the first quarter of the year 2024. The oil prices are directly dependent and follow the market fluctuations of linseed or flaxseeds. The key growing regions saw a decline in the total planted area or acreage, causing the overall yield to depreciate and impacting the price curve from the supply side.
Kazakhstan experienced a significant decline in oilseed harvests this season, particularly with curly flax, where the gross collection in 2023 was around 361.7 thousand tonnes, a drop of over 57% from the previous year's 845.6 thousand tonnes. Additionally, adverse weather conditions led to the loss of about 96,000 hectares of flaxseed crops. Despite these challenges, Kazakhstan remains one of the top three global suppliers of flaxseed. This season, the global flaxseed market faces a unique challenge as the demand for processing raw materials substantially exceeds the available supply.
Analyst Insight
According to Procurement Resource, with high demands, the flaxseed acreage is likely to improve in the next growing season, however, any immediate alteration in the price pattern is not anticipated for Linseed Oil markets.
Procurement Resource provides latest prices of Linseed Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
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Linseed oil, derived from flaxseeds, is a versatile natural oil valued for its use in various industrial applications. It is primarily known for its role in paints and varnishes, where its drying properties create durable coatings. Linseed oil is also used in wood finishes, printing inks, and industrial coatings due to its ability to enhance surface protection and adhesion. Additionally, it serves as a key ingredient in putty and sealants, leather treatments, and the manufacturing of linoleum, highlighting its importance in diverse sectors including construction, manufacturing, and crafts.
Flaxseed oil
Paints and Varnishes, Wood Finishes, Printing Inks, Industrial Coatings, Putty and Sealants, Leather Treatments, Linoleum Manufacturing
Cargill, Inc., Vandeputte Oleochemicals, Gustav Heess Oleochemische Erzeugnisse GmbH, Henry Lamotte Oils GmbH, KH Chemicals
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The production process is initiated by processing flax seeds through a hot-pressing technique. The process begins by sorting high-quality flax seeds, crossing the primary seed processing units. The fine-quality seeds are then pressed in a huge container at a high temperature. The oil extracted and collected is then passed through the pumps into the cooling pots, and when the temperature drops downs to 30-35 °C, it is passed on to the filters. The process results in the production of refined linseed oil as the end product.
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