Ukraine: S&D of oilseeds, vegoils and meals

UkrAgroConsult

Article author:

Svitlana Kupreeva

Oilseed Market Analyst

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.

Full version of the article is available to subscribers of ‘BLACK SEA VEGOIL’ Weekly Report by UkrAgroConsult.

Request a free a sample report and apply for subscription here.

Be confident with your business and trade strategy based on professional analysis and forecasts of the Black Sea agri market.

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