EU sunflower processing in 2021/22 projected record high

Sunflowerseed processing in the EU in 2021/22 may reach a new record of 9 mln t, with the bulk yield of seeds in Member States growing to 10.5 mln t, considerably higher than in 2020/21 (8.9 mln t), the APK-Inform consultancy writes with reference to Oil World's forecasts.

Analysts project the strongest growth in sunflower production in Romania, to 2.96 mln t (+43% YoY), in France to 1.9 mln t (+18%), in Bulgaria to 2.01 mln t (+16%), and in Hungary to 1.8 mln t (+8%).

"With the forecast increase in sunflowerseed yield in the EU, its imports to the Union in 2021/22 may fall to its three-season low, to 0.62 mln t. Experts anticipate a decrease in oilseed supplies mainly from Russia," the report reads.

Related: Sunflowerseeds Processing in Ukraine. Market Leaders Have the Final Say

Reportedly, higher sunflowerseed production in the EU will contribute to an increase in sunflower exports to a maximum over the past 8 years, to 750 thou. t (+14% YoY).

The USDA in its October report revised downward the projection for sunflower production in Ukraine in 2021/22.

As of 13 October, sunflower production in Ukraine reached 10.91 mln t on 73% of the planned areas. The average yield summed 2.3 t/ha.

Learn more: TOP 10 Sunflower Producing Countries in 2019

Sunflowerseeds production in Ukraine and worldwide (click for full resolution)

To learn more about agribusiness in Ukraine, follow us on Facebook, on our channel in Telegram, and subscribe to our newsletter.

Completed withDisqus