Despite the war, the participation of Russia and Ukraine in the sunflower business would grow in 2023/24
정제 해바라기유
러시아
우크라이나
게시됨 2023년 5월 15일
Tridge 요약
Although a year ago it was speculated that the Russian-Ukrainian conflict would generate business opportunities for alternative sunflower suppliers, the reality is that this did not happen.
원본 콘텐츠
A recent report from the US Department of Agriculture (USDA) projects that Russia would manage to export 4.10 million tons of sunflower oil in 2023/24 versus 3.95 and 3.15 million in the two previous cycles. And that Ukraine, despite the difficulties caused by the war with Russia, will manage to maintain its market share of around 4.50 million tons. This implies that in the next campaign 70% of the world trade in sunflower oil would be in the hands of both nations versus 67% in 2022/23 and 68% in 2021/22. The USDA estimates that neither the European Union nor Argentina nor Turkey – the minority suppliers of sunflower oil in the world order – will not be in a position to increase the production of the oil and, therefore, neither the exportable supply. The main loser in this scenario is Argentina, since both Europe and Turkey, although they export sunflower oil, also import in large quantities to supply their internal needs. Although Russia “took” a large part of the sunflower oil ...