Ukraine's sunflower oil production estimated 20% lower: USDA
In its latest report, the United States Department of Agriculture (USDA) put the forecast for 2020/21(September-August) sunflowerseeds production in Ukraine at 14 mln t, 2.5 mln t or 15% lower from 2019/20.
Sunflower meal production forecast also remained at February's level at 5.69 mln t (0.77 mln t or 12% under 2019/20), sunflower oil production at 5.92 mln t (1.47 mln t or 20% lower YoY).
As per USDA, world sunflower oil production in 2020/21 is projected at 19.44 mln t, down 2.05 mln t (10%) from the previous season (21.5 mln t).
The USDA report indicates that the world sunflower production is expected at 49.97 mln t, slightly lower from the February report (50.14 mln t) and 4.91 mln t lower compared to 54.88 mln t in 2019/20. The global sunflower meal output is set at 20.91 mln t vs. 22.24 mln t in 2019/20.
Sunflowerseeds products output in the largest producing countries (as opposed to 2019/20):
|Country||Sunflower meal, mln t||Sunflower oil, mln t|
|Argentina||1.24 (▲1.47)||1.23 (▲0,03)|
|Turkey||1.28 (▼0.08)||1,02 (▼0.12)|
|EU||4.73 (▼0.05)||3.69 (▼0.05)|
Oil crushing plants in Ukraine produced 2.67 mln t of unrefined sunflowerseed oil in the period September-January 2020/21.
The FAO Vegetable Oil Price Index averaged 147.4 points in February, gaining 8.6 points (or 6.2%) from January and marking its highest level since April 2012.