We can expect a declining sunflower seed crop in the world

Published 2023년 3월 17일

Tridge summary

The article highlights a significant decrease in the global sunflower seed yield for the 2022/2023 financial year, with a predicted drop of 9 percent, totaling 53 million tons, as per Oil World and the Institute of Agricultural Economics. This decline is evident across major producing regions such as the European Union, Russia, and Ukraine, with EU experiencing a 25% reduction, Russia a slight increase, and Ukraine seeing a 34% significant drop. The fall in production is expected to result in a surplus of 2.6 million tons, which could increase closing stock to 5 million tons. Additionally, the article notes a 25% to 27% reduction in the purchase prices of high-oleic and high-oil sunflower seeds by processors and traders in Hungary, resulting in a 26% drop in the average producer price of industrial sunflower seeds.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the AKI PÁIR data, we can count on a decreasing sunflower seed yield in 2022/2023. financial year. Oil World expects a worldwide sunflower seed harvest of 53 million tons (-9 percent) in 2022/2023. financial year - informs the Institute of Agricultural Economics. According to the data, in the European Union it has decreased to 9.5 million tons, in Russia it is slightly higher than a year earlier (15.7 million tons), and in Ukraine the harvest is significantly reduced by 34 percent (11 million tons). They added; the global output may exceed the expected consumption by 2.6 million tons, so the closing stock may be around 5 million tons at the end of the season. According to AKI PÁIR data, processors and traders bought high-oleic sunflower seeds (HO) for 197.4 thousand (-25 percent) and high-oil sunflower seeds (LO) for 187.8 thousand forints/ton (-27 percent) in the first week of March . The producer price of industrial sunflower ...

Source: AgroForum