Ukraine: S&D of oilseeds, vegoils and meals

Article author:

According to UkrAgroConsult current estimates, the S&D of oilseeds, vegoils and meals in the 2021/22 MY are adjusted slightly:

• soybean and rapeseed production was reduced, as the final 2021 production numbers were published officially;
• progress in new logistics corridors development promoted by growing April oilseeds exports (+ 120% to March 2022) and SFO (+ 21%);
• increase in export estimates in 2021/22 (high and stable demand from EU countries, European direction is the only export channel):

– SFS – by 354% compared to March numbers’ forecast;

– SFO – by 3%;

– SFM – by 4%;

• SFS and soybeans ending stocks-2021/22 are revised downwards, but remain enormously high.

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Tags: soybean, rapeseed, sunflower meal, supply and demand balance, crop forecast, sunflower oil, sunflower