Global sunflower oil production to grow by 9% in 2025/26 MY – USDA

In its May report, the U.S. Department of Agriculture (USDA) presented the world oilseed balance for the upcoming 2025/26 season, in which they forecast an increase in world oilseed production by 2.2% compared to the previous season, from 677.16 to 692 million tons, which is 5.2% higher than the MY 2023/24 figure (658.08 million tons).

USDA expects that the volume of world oilseed processing in MY 2025/26 will increase by 3.3% to 580.5 million tons due to an increase in soybean processing and a recovery in sunseed and rapeseed processing volumes by both oilseed producing and importing countries.

Global soybean production is set to rise by 6 million tonnes to 426.8 million tonnes, supported by a good harvest in Brazil, sunseed by 4 million tonnes to 56.2 million tonnes as production recovers in the EU, Ukraine and Russia, and rapeseed by 4.5 million tonnes to 89.56 million tonnes as a result of increased rapeseed production in Ukraine, the US and the UK.

Oilseed trade is set to rise by 3% as higher soybean supplies offset a 4% decline in rapeseed supplies due to lower EU imports amid recovering domestic production.

Oilseed ending stocks are set to rise from 141.3 to 143.2 million tonnes on the previous season (136.1 million tonnes in 2023/24).

Global production of vegetable oils will increase by 3% to almost 235 million tons, including sunflower oil by 9% to 21.9 million tons. Growth is expected mainly in Ukraine and the EU, palm oil by 3% to 80 million tons (in Indonesia and Malaysia), and soybean oil by 3.2% to a record 70.8 million tons (in China, the USA, Argentina and Brazil).

Tags: soybean, USDA Report, sunseed, rapeseed, crop forecast