USDA raised the forecast for Ukrainian sunflower oil

Published 2023년 2월 13일

Tridge summary

The USDA has revised its forecasts for Ukraine's sunflower and its processing products for the 2022/23 season, increasing the production and export projections. The department's February report highlights a rise in sunflower oil exports to 3.85 million tons, sunflower meal to 3.2 million tons, and sunflower exports from Ukraine to 2.65 million tons, driven by increased processing and demand, particularly from China. Additionally, the production estimates for sunflower oil and meal have also been raised, showing a positive outlook for the sector.

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Original content

The United States Department of Agriculture (USDA) has increased its forecasts for the production and export of sunflower and its processing products from Ukraine in 2022/23. This is evidenced by the department's report for February. Thus, experts increased the estimate of sunflower oil exports to 3.85 million tons (+200 thousand tons) and sunflower meal to 3.2 million tons (+300 thousand tons) due to increased processing, as well as demand from the main buyers. in particular China. The forecast for sunflower exports from Ukraine was also increased by 200,000 tons to 2.65 million tons. In addition, ...

Source: Agroconf