Analysts predict a significant reduction in global sunflower processing due to the conflict between Russia and Ukraine

Analysts of Oil World (Germany) in their March report reduced the forecast for world sunflower processing in 2021/22 MY by 3 million tons - to 48 million tons due to downward adjustments made for Russia and Ukraine - by 3.4 million tons, while for other countries, the estimate was increased by 0.4 million tons, including at the expense of the EU and Argentina. Analysts predict the forecast for oilseed processing in Ukraine in the range of 1.4-1.5 million tons in March-May of this year. against 3.4 million tons in the same period last year. For June-August, analysts predict the volume of sunflower processing in Ukraine at the level of 3.5 million tons, however, the report noted that now there is great uncertainty about the resumption of the processing industry in the country due to the conflict. In the European Union, sunflower processing volumes are increasing due to an increase in processing margins, and, according to analysts, the processing volume of this crop can reach 9.2 ...