USDA: First forecast for 21/22 global sunflower oil and sunflower meal production

Published May 13, 2021

Tridge summary

Record sunflower production is expected in 2021/22, with a sown area of 27 million hectares, led by Ukraine, Russia, and the European Union. Sunflower oil and meal exports are also forecast to grow, with the European Union, India, Iraq, and Turkey being the main importers. There will be a decrease in sunflower seed and meal production in the United States and China. Global oilseed production is projected to grow by 5% in 2021/22, driven by increased soybean production in the United States and South America. Global oilseed consumption is expected to rise by 3%, with China being the main driver.

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

Original content

SUNFLOWER World sunflower production in 2021/22 is projected at a record 55 million tonnes thanks to a record figure and 27 million hectares of sown area. Most of the growth is driven by Ukraine, Russia and the European Union, where yields in all three countries are forecast to be higher than the previous year's harvest, which was hit by dry weather. Moderate growth is expected in Argentina, Turkey and Moldova thanks to an increase in plantings, while a decrease in planted area will lead to a decrease in production in the United States and China, oilworld.ru reports citing the USDA. SUNFLOWER OIL World exports of sunflower oil are forecast to grow 14 percent to 12.6 million tons. Import demand will be from the European Union, India, Iraq and Turkey. Despite doubling prices last year, consumption of sunflower oil is projected to be at a record high as prices for competing vegetable oils may show a similar increase in prices. Domestic consumption of sunflower oil for food will be ...

Source: Oilworld