Sunflower seed harvest forecast in Ukraine in 2023/24 MR increased by 500,000 tons

Published 2023년 11월 13일

Tridge summary

The USDA has increased its forecast for sunflower production in Ukraine in the 2023/24 season to 14.5 million tons, an increase of 500,000 tons from its previous estimate. Ukrainian oil reserves for the current season are also expected to be higher than previously estimated at 595,000 tons. The forecast for global sunflower harvest in the same season has been increased by 560,000 tons to 56.98 million tons.

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

Original content

In the November report, USDA experts increased the forecast of sunflower production in Ukraine in 2023/24 by 500,000 tons to 14.5 million tons, which is also significantly higher than the result of the 2022/23 season (12.2 million tons). Against the background of improving production prospects, analysts also increased the forecast of Ukrainian oil reserves in the current season to 595 thousand tons against 275 thousand tons according to the October estimate, which is significantly lower than the indicator in 2022/23 MR (815 thousand tons). Analysts forecast the volume of sunflower processing in Ukraine at the level of 14 million tons, which corresponds to the estimate of the previous month and the result of the 2022/23 MR, against the background of which the forecast of sunflower oil production in the country also remained unchanged - 6.02 million tons. In general, the ...

Source: Agravery