Turkey: 2022/23 MY oilseed market forecast
UkrAgroConsult
Article author:
Military actions are key factor in expanding the SFS area for almost all producing countries to reduce imports dependence and to recover stocks.
Key factors for SFS imports increase:
- opening of SFS exports from Russia (SFS export tax expires on August 31)
- forecast of increased SFS production in Romania and Bulgaria
- record high SFS stocks in Ukraine.
Key risks for further imports growth:
- uncertainty in government regulation of SFS exports by Russia in 2022/23 MY
- unpredictable timing of Ukrainian seaports reopening
- Russia’s war against Ukraine, if continues, will lead to further changes in trade flows.
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