Canadian farmers were not happy about the excellent sunflower harvest

Published 2024년 1월 15일

Tridge summary

In Manitoba, Canada, sunflower yields reached 3.5 thousand pounds per acre in 2023, significantly higher than the historical average. However, Manitoba Agriculture rated sunflower as the worst crop for 2024 due to potential negative profits. The price of sunflower is low due to oversupply in the market, with the possibility of recovery in 2024 but existing large inventories.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Sunflower yields in the Canadian province of Manitoba in 2023 reached 3.5 thousand pounds per acre (39.23 centners per hectare), which is significantly higher than the historical average of 2-2.5 thousand pounds per acre (22.4-28 centners). per hectare), reported the online publication The Western Producer. At the same time, Manitoba Agriculture rated sunflower as the worst crop if sown in 2024. The report on the cost of agricultural crops indicates that with a yield of 22.4 c/ha, sunflower for oil will give a “negative profit” - a loss of C$160.72 (10.5 thousand rubles) per acre (25.964 thousand rubles per hectare ), profitability will be minus 24%. Soybeans, for example, give a profit of C$40 (RUB 2.65 thousand) per acre (RUB 6.55 thousand per hectare). The owner of his own land, who saves on equipment, can make a profit with a yield above 28 c/ha. Price is the main problem with sunflowers in 2024. Manitoba has set a target price of C$0.25 (RUB 16.5) per pound (RUB 36.37 per ...
Source: Oilworld

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