Global sunflower stays positive between war, climate, and values

Published 2023년 5월 3일

Tridge summary

The global sunflower production for the current season has seen a decrease, but milling and oil production are estimated to surpass expectations, primarily driven by increases in Russia and Argentina. The war in Ukraine has led to accelerated seed shipments and a significant reduction in stocks, although there has been an increase in oil production. The demand for sunflower oil is projected to rise, particularly from India and China, due to its current competitiveness in pricing compared to other oils. Argentine sunflower seed production and oil exports are also on the rise. The implementation of the agricultural dollar in Argentina has aided operations and affidavits, despite lower purchases and prices. The sunflower complex in Bahia Blanca saw a 10% annual growth in shipments in 2022.

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

Original content

According to the latest report from the Bahia stock exchange, the international situation for global sunflower production this season was lower than that of the previous cycle, milling and oil production were estimated above, driven mainly by increases in Russia and Argentina. . In Ukraine, as a result of less milling as a result of the war, seed shipments have accelerated in recent months, translating into a significant reduction in their stocks. On the other hand, compared to the estimates of the previous month, an increase in the production and shipments of oil from this country was observed. For the sunflower seed, Oil World estimates a world production of 53.65 M Tn (-7.6% i.a). Year-on-year, Russia and Argentina saw their productions increase, while falls were observed for Ukraine and the E.U. Global milling is projected at 49.8 Mt (+2.9% yo). For oil, a production of 21 million tons and shipments of 13 million were projected. Ukraine, although it would have shipments for a ...

Source: Campototalweb