The US Department of Agriculture raised the estimate of sunflower oil exports from Russia this season to 4 million tons

Published 2023년 3월 13일

Tridge summary

The US Department of Agriculture's Foreign Agricultural Service has increased its sunflower oil export forecast from Russia for the current season to 4 million tons, up from 3.85 million tons, due to higher export rates. The export of sunflower meal is expected to be 2.2 million tons, and sunflower, 850 thousand tons. However, carry-over stocks of sunflower in Russia are expected to decrease. The export of soybean oil from Russia is estimated at 650 thousand tons this season. Overall, the Russian Federation is expected to export 5.77 million tons of basic vegetable oils this season.

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

Original content

The Foreign Agricultural Service of the US Department of Agriculture (FAS USDA) estimated the export of sunflower oil from Russia this season (September 2022-August 2023) at 4 million tons, according to its March report. This is 900 thousand tons more than last season. In February, the forecast was 3.85 million tons. Experts cited "higher export rates" as the reason for the increase in the assessment in March. Export of sunflower meal is forecasted at 2.2 million tons (2.025 million tons last season), sunflower - 850 thousand tons (235 thousand tons). The service estimated the carry-over stocks of sunflower in the Russian Federation at 588 thousand tons against 958 thousand tons a season earlier, sunflower oil - at 289 thousand tons against 427 thousand tons. According to the March forecast of the service, the export of soybean oil from Russia this season will amount to 650 thousand tons against 575 thousand tons, which were predicted in February. Last season, ...

Source: Milknews