Global: Sunflower analysis and its implications in the Bahía Blanca area

Published 2022년 12월 5일

Tridge summary

Ukrainian sunflower oil exports have been affected by a lower harvest, low processing levels, and higher seed shipment projections. Values are around U$S/Tn 1,300 in Rotterdam. In Argentina, prices have fallen despite a rise in milling and exports. Oil World maintains its estimates for Argentine sunflower seeds and oil, with exports expected to peak in three years. OW projects a global drop in sunflower production, with Ukraine and the EU seeing the biggest decreases. The increased Russian export supply is expected to drive global consumption. Unprocessed surplus seed from Ukraine is finding new export destinations like the EU, Turkey, and Moldova.

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

Original content

The lower harvest, the low level of processing and the projections of higher seed shipments have impacted on Ukrainian sunflower oil exports. In Rotterdam, the values are around U$S/Tn 1,300. In Argentina, prices have registered a negative variation in the last month. For its part in Argentina (January-October): while milling registers a year-on-year rise of more than 7%, exports grow by 45%. Likewise, the national commercialization 2022/23 registers a percentage with a made price that is lower than that registered in previous campaigns and in the Bahía Blanca region the planting exceeds 90%. For Argentina, OW maintained its estimates for both the sunflower seed and its oil. Exports of the latter would reach a maximum of three years. On a monthly basis, OW maintained national grain production at 3.7 Mt, representing a year-on-year increase of 9%. With regard to oil, what was produced in the 2022/23 cycle would reach 1.45 M Tn (-0.8% i.a). Exports would be located at 925,000 tons ...

Source: Rural Net