Sunflower oil stocks in Argentina will decrease at the start of 2024/25 MY

Argentina may start the season-2024/25 with lower stocks of sunflower oil compared to the previous crop year. According to the forecast of the Foreign Agricultural Service of the USDA, at the beginning of 2024/25 MY the country will have about 224 thsd tonnes of the product, compared to 265 thsd tonnes in 2023/24 MY and 282 thsd tonnes in 2022/23 MY.
As for production, it is also expected to decline to 1.5 mln tons from 1.63 mln tons a year earlier. Against the same background, export volumes may decline by 15% to 850 thsd tonnes compared to the level of 2023/24 season.
The situation with sunflower meal is generally similar: the estimate of its output in the new season is still at almost 1.55 mln tonnes, compared to 1.643 mln tonnes in 2023/24. Exports are expected to decline from 1.1 mln tonnes to 875 thsd tonnes.
Read also
BLACK SEA OIL TRADE-2025: What’s On the Agenda?
Ukraine and the European Commission agreed to develop new trade terms by the end o...
Malaysia expands use of B20 biodiesel at Kuala Lumpur Airport
Soybean meal prices in China fell by more than 14% in a month
Trump accused China of violating trade agreement with the US
Write to us
Our manager will contact you soon