Ukraine: The forecast of prices and demand for sunflower for 2022 has been announced
Sunflower Seed
Ukraine
Published Jan 18, 2022
Tridge summary
Prices for sunflower in 2022 will be consistently high, demand for it will not decline. The profitability of growing crops will remain at the same level, so, obviously, the culture will be the most interesting for Ukrainian farmers. Stepan Kapshuk, General Director of the Ukroliyaprom Association, told about it in the article “Let's live to see. Forecasts for 2022: land, grain, oilseeds ", writes Kurkul.com.
Original content
In Ukraine, in the current MR, according to the Ukroliyaprom Association, the sunflower harvest was 16.5 million tons (+ 25.9%); soybeans - 3.4 million tons (+ 22.7%), rapeseed - 3 million tons (+ 15.4%). On the world market, according to the latest USDA estimates, the production of oilseeds in 2021/22 MY will increase compared to 2020/21 MY by 3.9% (to 627.58 million tons). Sunflower seed production will increase the most - up to 57.04 million tons (+ 16.1%). 381.8 million tons (+ 4.2%) of soybeans will be harvested. And the production of rapeseed in the world will decrease to 68.35 million tons (-6.6%). But, as noted in the material, a higher sunflower harvest in Ukraine and in the world is not a guarantee that seed prices will fall. We will remind, last MR the cost of realization of sunflower in Ukraine doubled, and in separate periods reached 25-27 thousand UAH / t. In the current MR, analysts do not expect a sharp rise in sunflower prices, but do not predict a fall. "Rising ...
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