Experts have reduced estimates of exports and production of Russian sunflower oil

​​The Price Index Center has updated the second quarterly consensus forecast of professional analysts on the agricultural market and is in a hurry to share its results. In terms of key indicators, analysts’ opinions have become more optimistic since November 2023: estimates of the current harvest of grain, wheat, and oilseeds have been increased. Expectations for wheat exports in the current agricultural season have been significantly revised upward: from 50.4 to 52.9 million tons. But surprisingly, a consensus has emerged on the production and export of sunflower oil. Against the backdrop of an actual increase in the gross harvest of sunflower, analysts have revised the parameters of oil production in the current agricultural year from 7 to 6.8 million tons, and exports from 4.6 to 4.3 million tons. Range of opinions on the volume of exports of the second most important product of Russian agricultural exports , although we are already at the equator of the season, indicates the ...