A strained balance sheet and higher prices for sunflower seed and sunflower oil globally

게시됨 2024년 9월 29일

Tridge 요약

Predictive analysis by Oil World reveals a downturn in global sunflower oil exports in 2024/25, with an expected decrease from 16.02 to 13.91 million tonnes, primarily due to a significant drop in sunflower seed processing and lower oil yield caused by severe drought in the Black Sea region. The US Department of Agriculture has lowered its global sunflower production forecast by 2 million tons, and Ukraine and Russia have experienced the most notable harvest declines. The European Organization of Cereals, Oilseeds, Vegetable Oils and Meals (COCERAL) has also reported a reduction in the EU's sunflower seed production, especially in Romania and Bulgaria, contributing to the overall decline in the market.

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원본 콘텐츠

Industry-leading German analyst publication Oil World predicts that in 2024/25 global sunflower oil exports due to weaker harvests will decline compared to the previous season from 16.02 to 13.91 million tonnes and its price is likely to go up Oil World's weekly report states that the main reason is the looming "sharp decline in global sunflower seed processing by approximately 4mt and lower oil content in this year's crop following severe drought in the Black Sea region". The US Department of Agriculture's Foreign Market Service (FAS USDA) recently cut its forecast for global sunflower production by a drastic 2 million tons, down from August's 52.54 million tons, to 50.55 million tons. , which is 5.38 million tons less than the result of the previous season. As a result of the very dry and hot weather, Ukraine has the largest drop in oil yield compared to 2023/24, from 15.5 million tons to 12.5 million tons. Russia's harvest was also weaker at 16.0mt compared to 17.1mt produced ...

출처: Sinor