Flax Market Size & Current Price
Flax Market refers to the global market for flaxseed, a type of oilseed crop. Flax is used to produce linseed oil, which has been known as an important source of dietary fiber and omega-3 fatty acids since ancient times. The global demand for flax is increasing due to its health benefits and many uses in different industries including food, cosmetics, textiles, paper products and more. In addition to that, countries like India are now major producers of this crop due to its various industrial applications such as producing paperboard from straw or other plant fibers. The price of flax depends on numerous factors like quality grade, seasonality and production cost etc., but generally it fluctuates between USD 2–4 per bushel depending upon geographical location. Moreover with increasing environmental concerns regarding sustainability the demand for organic varieties are also on rise thus making this market quite lucrative in recent years. Flax is a versatile and sustainable crop th...