2020/21 season will certainly bring surprises to the sunflower complex market in Ukraine
UkrAgroConsult
Article author:
Hot, dry summer has repeatedly made downward adjustments to sunflower crop forecasts, including when the harvest was already in progress.
UkrAgroConsult currently forecasts the crop at 9% lower from MY 2019/20, yield – by 13% lower.
Noteworthy, officially, 6383.3 Th ha was planted to sunflower for 2020. For the first time in recent years, this figure is maximally close to the real market situation.
Export potential of the sunflower oil market is estimated to decrease by 10% from MY 2019/20, sunflower – by 8%.
In general, the market will be supported by a sunseed shortage and competition for available volumes throughout MY 2020/21. The shortage will manifest itself particularly in the latter half of the season.
Full version of the article is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative tool for agri market participants – AgriSupp by UkrAgroConsult. Subscribe to a 14-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Argentina bug invasion knocks $1.3 billion off corn crop
Growth of corn prices in Ukraine limits the fall in world prices
Argentine farmers call for ‘urgent’ end to wheat export taxes
Russia exports more than half of its wheat crop for the first time this season
IGC lowered its corn production forecast
Write to us
Our manager will contact you soon