USDA: Sunseed crop in the Black Sea region to gain 2 MMT

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USDA: Sunseed crop in the Black Sea region to gain 2 MMT



Consulting Agency UkrAgroConsult


In the August report, USDA raised its 2019/20 oilseed crop estimate for the Black Sea region by 1.4 MMT, to 46.498 MMT, at the expense of a 2 MMT increase in sunflower seed production with a 0.6 MMT cut in the rapeseed crop, reports UkrAgroConsult.

The sunflower seed adjustment concerned Russia (+1 MMT), Ukraine (+0.7 MMT), Turkey (+0.2 MMT) and Moldova (+0.1 MMT). The rapeseed crop outlook was cut for Ukraine (-0.7 MMT) and increased for Russia (+0.1 MMT).

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.


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