The USDA again worsened the forecast for Ukraine regarding sunflower and oil

Published 2024년 9월 16일

Tridge summary

The USDA's September report reveals a reduction in the global sunflower harvest forecast to 50.553 million tons, a decrease from the previous month's estimate. The U.S. sunflower harvest forecast has been lowered to 12.5 million tons, down by 1 million tons from August. Despite this, the oil export forecast remains steady at 230,000 tons. In Ukraine, sunflower oil production for 2024/25 is projected at 5.226 million tons, with 4.825 million tons expected for export. Additionally, meal production is forecasted at 5.018 million tons, with 3.925 million tons for export. Overall, global forecasts for sunflower oil and meal production have also seen declines.

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

Original content

This is evidenced by the data in the USDA report for September. Thus, the sunflower harvest is forecast at 12.5 million tons, which is 1 million tons less than the August estimate. Experts left the oil export forecast at 230,000 tons. According to experts, 5,226 million tons (-430,000 tons) of sunflower oil will be produced in Ukraine in 2024/25, of which 4,825 million tons (-400,000 tons) will be exported. Meal production will amount to 5.018 million tons (-413 thousand tons), and export is forecast at the level of 3.925 million tons (-300 thousand tons). Experts forecast the world sunflower harvest ...

Source: AgroPortal.ua