In the US Department of Agriculture’s (USDA) November report, the forecast for Ukrainian exports of this product in the current season remains at 5 million tonnes, whilst the forecast for Russia has been reduced by 250,000 tonnes to 4.85 million tonnes, according to Latifundist. In the October report, USDA analysts had forecast that Russia would lead global sunflower oil exports (with a figure of 5.1 million tonnes).
The USDA has reduced its estimate for the sunflower seed harvest in Russia by 600,000 tonnes – to 20.4 million tonnes. The forecast for sunflower oil production in the country has been revised down to 7.558 million tonnes.
For Ukraine, both forecasts remain unchanged: the sunflower harvest is expected to reach 13 million tonnes, whilst sunflower oil production is forecast at 5.418 million tonnes.
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