Argentina's Sunflower Seed Prices Plummet in W7 Amid Global Production Forecast Increase

During W7, Argentina's sunflower seed prices dropped significantly by 26.09% YoY, with a 3% MoM decrease. This decline is attributed to a 3% YoY increase in global sunflower production estimate, driven by expected volumes from Ukraine and Russia, while Argentina's sunflower seed production estimate remains stable at 3.6 mmt, despite a YoY decrease of 12.8%. However, sunflower oil production is expected to rise to 1.6 mmt, with a monthly increase of 16 thousand mt, and exports are forecasted to reach 980 thousand mt, marking a 3.5% YoY increase with no monthly variation.