Sunseed harvest in Ukraine this year may not exceed 10.5 million tons

million tons, which corresponds to an average yield of 1.84 tons/hectare. The total expected harvest area is 5.1 million hectares, which means that about 1.2 million hectares remain until the end of the harvest campaign. “Provided that the yield on the remaining areas in the regions is 10% higher than the current level, the expected final gross sunflower harvest could reach approximately 10.5 million tons. This level of sunflower harvest will cause a significant shortage of raw materials for the already surplus processing industry of Ukraine,” brokers note. According to Spike Brokers, sunflower oil prices are gradually strengthening. Spot premium due to lack of supply already applies to November deliveries. At the same time, prices in the direction of ports have increased to the level of $ 1255-1260/t with delivery in October-November. In Ukraine, processing plants are still trying to restrain the growth of purchase prices, protecting the processing margin. During the week, ...