The Wholesale Price of Sunflower Seeds in Argentina Decreased by 18.19% YoY Due to Oversupply and Competition from Russia

Argentina’s sunflower seeds prices in the Rosario wholesale market decreased by 18.19% YoY and 9.1% MoM to USD 0.3 per kilogram (kg) in Mar-24. The downward trend started on Jan-24 after a peak price of USD 0.56/kg on Dec-23. This decline can be attributed to oversupply in the local market and strong export competition from Russia. However, in Mar-23, the BAGE decreased its projections for Argentina's 2023/24 sunflower by 200 thousand mt due to adverse weather conditions. Price is expected to recover soon based on the current production estimate.