Flax Acreage expected to drop this year…

In light of the recent Triffid issue, a drop in acreage is not a
surprise…

Flax acreage predicted to drop
by Neil Billinger

Larry Weber of Weber Commodities is quoted as saying: “There are some estimates in the trade as high as 1.3 million acres…I have seen some as low as 700,000 acres. I think 700,000 will be on the low side, but I don’t think we are going to get to a million acres of flax this year.”

Weber says European buyers are paying more for flax than last year. Even so, he estimates growers are losing a minimum of $3 a bushel.

Canadian producers planted 1.7 million acres of flax in 2009.

Read more at: http://www.fcc-fac.ca/newsletters/en/express/articles/20100326_e.asp#story_2

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