US Department of Agriculture predicts growth in production and exports of sunflower oil from Russia

According to the forecast of the US Department of Agriculture, in the 2023/24 season, sunflower production in Russia will amount to 16.5 million tons (16.25 million tons in the 2022/23 season), oil - 6.36 million tons (6.3 million tons), its export is 4.1 million tons (3.95 million tons). Meal deliveries to foreign markets in the new season are expected at the level of 2.4 million tons (2.25 million tons). Sunflower ending stocks - 977 thousand tons (over 1 million tons), domestic consumption of oil - 2.4 million tons (2.34 million tons), meal - 3.97 million tons (3.9 million tons). The export of all vegetable oils will amount to 5.99 million tons (as in the 2022/23 season). According to the forecasts of the analytical company ProZerno, the sunflower harvest in Russia this year will be at least 16 million tons, rapeseed - 4 million tons, soybeans - 5.7 million tons. In the current calendar year, about 26 million tons of major oilseeds can be harvested in Russia: about 16 million ...