Sergey Feofilov: Sunflower production will be record high again
The biggest competition among lately planted crops is competition between corn and sunflower – price spread is widening between them.
UkrAgroConsult expects sunseed plantings and production will be record high again. Sunflower oil prices are higher than any other vegetable oil values. Ukraine registered another peak of export shipments in April.
One of the new risks now is that European commission strengthened control over traces of some chemical agents in grain and vegetable oils from October 1.
At present, we register strong demand for soy both from crushers and exporters, while its stocks are at the lowest level. This promotes domestic price growth. Given this, farmers partly switched from corn to soybean.
Nevertheless, soybean exports will go down next season due to slightly lower production compared to the current season.
More information is available to subscribers for Online Analytics “Black Sea Vegoils” in the new innovative platform AgriSupp by UkrAgroConsult. Agrisupp is a reliable analytical tool for agri market participants with historical and current market data, daily updates on grain, oilseed and pulses markets.
Subscribe to a 7-day free trial!!
Start using analytical data and increase your efficiency now!
Register to get your demo access: http://agrisupp.com/en/register/1
Read also
Most of the Ukrainian pea harvest in 2024 will be exported
Couldn’t attend BLACK SEA GRAIN.KYIV? Catch up with the insights – get the e...
Egypt’s wheat imports to grow to 11.2 mln tons next season
Polish government approves financial aid plan for farmers
Algeria purchased 200 thousand tons of durum wheat
Write to us
Our manager will contact you soon