Global Markets: Oilseeds – Lower Sunflower Seed Production in Ukraine, Russia Tightens Global Supplies

게시됨 2020년 11월 11일

Tridge 요약

Dry weather in Ukraine and Russia has led to a combined 1.5-million-ton decline in sunflowerseed yields, resulting in a 5.5 million ton drop in the initial forecasted production and a year-to-year decline of 4.8 million tons. This reduces the global sunflowerseed production to 5.3 million tons below 2019/20, with additional declines forecast for the European Union, Kazakhstan, Turkey, and Argentina. Despite this, the 2020/21 global harvest is still expected to be the third largest ever. The decrease in sunflower meal and oil availability, coupled with stronger global demand and tightening oilseed markets, has led to an increase in prices for these products and other major vegetable oils.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

Dry weather has reduced sunflowerseed yields in Ukraine and Russia, leading to a combined 1.5-million-ton decline in the projected output this month. From the initial forecast in May, combined production is down 5.5 million tons with a year-to-year decline of 4.8 million tons. Global sunflowerseed production is 5.3 million tons below 2019/20 with additional declines forecast for the European Union, Kazakhstan, Turkey and Argentina. Although this drop in output is significant and unexpected, the 2020/21 global harvest is still on-track to be the third largest ever. As Russia and Ukraine represent over three-quarters of total sunflowerseed meal and oil trade, these smaller crops portend an outsized impact on products trade. These tighter exportable supplies come at a time of stronger global demand for protein meals and oils coupled with general tightening of oilseed and product markets. Consequently, lower availability of sunflower meal and oil contributes to the general ...

출처: Agfax