USDA increased the estimate of rapeseed exports from Ukraine in the current season to 3.1 mln tons

Published 2023년 3월 15일

Tridge summary

The USDA has revised its forecasts for the production and exports of sunflower and other oilseeds from Ukraine for the 2022/23 marketing year, showing an increase in the production and exports of sunflower oil, sunflower meal, rapeseed, and soybeans. Specifically, the agency now predicts sunflower oil exports to reach 3.95 million tonnes, sunflower meal exports to reach 3.3 million tonnes, rapeseed exports to reach 3.1 million tonnes, and soybean exports to reach 2.1 million tonnes. The production estimates for sunflower oil and meal have also been raised, indicating a positive outlook for oilseed production in Ukraine.

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

Original content

The U.S. Department of Agriculture (USDA) increased the forecasts of production and exports of sunflower and some oilseeds from Ukraine in 2022/23 MY. This is evidenced by the report of the agency for March. Thus, the experts increased the exports of sunflower oil to 3.95 mln tonnes (+100 thsd tonnes) and sunflower meal to 3.3 mln tonnes (+100 thsd tonnes), while the exports of sunflower seeds remained at the level of February forecast – 2.65 mln tonnes. In addition, the estimates of sunflower oil production in the current season increased to 4.386 mln tonnes (+86 thsd tonnes), and sunflower meal – to 4.213 mln tonnes (+83 thsd ...

Source: UkrAgroConsult