Ukraine: The supply of sunflowers will decrease significantly on the world market in 2024/25 MR

Published Jun 16, 2024

Tridge summary

Kyle Holland, a senior analyst at Mintec, predicted at the IA "APK-Inform" conference that the global supply of oilseeds, including production and initial balances, will decrease to 60.55 million tons in 2024/25 from the current season's 61.57 million tons. The European Union is expected to see a rise in sunflower harvest, while Ukraine and Russia, the world's leading sunflower producers, will see a reduction in their gross harvest. Additionally, Holland anticipates a rise in sunflower seed and sunflower oil prices starting in September 2023.

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

Original content

Kyle Holland, senior analyst of the oilseeds and oil market of Mintec company, stated this during the conference, IA "APK-Inform" writes. Thus, according to Stratégie grains and Mintec estimates, in 2024/25 MR the total global supply of oilseeds (production and initial balances) will amount to 60.55 million tons (against 61.57 million tons of the current season). As for the leading sunflower producers, according to the speaker, in the new season, some increase in harvest in the EU countries is predicted (up to 10.72 million tons against 9.7 million tons in 2023/24 MR). However, the world leaders in sunflower production — Ukraine and the Russian Federation — will reduce their gross ...

Source: AgroPortal.ua