Ukraine. Competition for sunseed will increase, there is not enough raw material for processing

The sunflower seeds harvest in 2024 is difficult to predict precisely, but we can expect the volumes at the level of 12.8 mln tonnes.

This was reported to AgroPortal.ua by Stepan Kapshuk, the Director of Ukroliyaprom Association.

“It is difficult to estimate, because the area under sunflower is 4.8-4.9 mln ha, and we expected 5.2 mln ha. It will be possible to make a more accurate forecast after the first results from the regions, which will help determine the yield,” explains Stepan Kapshuk.

According to him, the export of sunseed will vary within 250 thsd tonnes, which will be influenced by the price segment. Competition for sunflower will increase, as there is not enough raw material for processing.

“It is more profitable to export processed sunseed immediately, but we currently have the capacity to process 18-19 mln tonnes of oilseeds, so there is not enough raw material. Exports will also be affected by the energy situation and the current winter, which may make significant adjustments to the overall operation of the facilities,” says Stepan Kapshuk.

Tags: Ukraine, sunflower oil, sunseed, crop forecast