USDA forecasts sunflowerseed production 2021/22 in Ukraine 18% higher
In the 2021/22(September 2021–August 2022) season, sunflowerseed production in Ukraine is projected at 16.7 mln t, 2.6 mln t, or 18% higher from 2020/21, the USDA report data reveal.
As a consequence, analysts forecast an increase in sunflowerseed oil production in Ukraine by 18% to 6.99 mln t (2020/21 estimate: 5.934 mln t). Sunflowerseed meal output is expected to reach 6.71 mln t, 1 mln t up YoY.
USDA experts revised upward the world sunflowerseed harvest estimate for the new season to 54.92 mln t, 5.22 mln t higher from 2020/21 estimate of 49.69 mln t. At the same time, the world production of sunflowerseed meal is forecast at 22.56 mln t compared to 20.59 mln t in 2020/21.
World sunflowerseed oil production forecast is set at 21.15 mln t, 1.96 mln t above the expected 19.19 mln t in 2020/21.
Related: High Price Suppresses Demand: What Are Sunflower Oil Price Perspectives?
The forecasted volumes of sunflowerseed and derived products output in key producing countries in 2021/22 as opposed to 2020/21 estimate:
| Country | Sunflowerseed, mln t | Sunflowerseed meal, mln t | Sunflowerseed oil, mln t |
| Ukraine | 16.7 (▲2.6) | 6.71 (▲1) | 6.99 (▲1.05) |
| Argentina | 3.4 (▲0.5) | 1.32 (▲0.09) | 1.32 (▲0.09) |
| Russia | 14.5 (▲1.23) | 5.47 (▲0.35) | 5.49 (▲0.35) |
| Turkey | 1.8 (▲0.24) | 1.42 (▲0.16) | 1.13 (▲0.13) |
| European Union | 10 (▲1.15) | 4.81 (▲0.38) | 3.78 (▲0.32) |
Previously reported that exporters supplied 72.6% of the agreed in the MoU volume of sunflowerseed oil from Ukraine to the foreign markets as of May 1.
