In the 2024/25 marketing year, analysts predict a reduction in world trade in sunflower

Published 2024년 9월 10일

Tridge summary

Global sunflower exports are projected to hit a nine-year low of 2.36 million tons in the 2024/25 marketing year, down from 2.69 million tons the previous season, primarily due to reduced oil production. Significant export declines are expected from the EU, Moldova, and Ukraine, while Kazakhstan is set to increase its exports. This low production is also anticipated to affect processing plants in the EU and Turkey, with EU sunflower seed processing forecasted to drop to 8.8 million tons.

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

Original content

The world export of sunflower in the 2024/25 marketing year will reach a minimum for the last 9 years and will amount to no more than 2.36 million tons (the previous season – 2.69 million tons) due to a reduction in oil production. This is reported by APC-Inform with reference to forecast data from Oil World analysts. In particular, a significant reduction in exports is expected from EU countries - from 460 thousand tons in 2023/24 FY to 330 thousand tons in 2024/25 FY, Moldova - to 340 (470) thousand tons, and Ukraine - to 130 (310) thousand tons. At the same time, Kazakhstan is expected to increase this indicator from 190,000 tons in 2023/24 FY to 250,000 tons in 2024/25 FY. Read also: Sunflower market: prices in Ukraine are rising due to limited supply It is also predicted that low production volumes ...

Source: Agrobusiness