Russia decreased sunflower meal exports owing to higher domestic consumption

21.10.2016

In August 2016 Russia exported 34.2 KMT of sunflower meal against 39.5 KMT in July 2016 and 7.2 KMT in August 2015, informs UkrAgroConsult. Since the beginning of 2015/16 (September-August) Russia shipped 1192 KMT of sunflower meal, which did not reach the results of 2014/15 MY, when Russia exported 1329 KMT. Sunflower meal exports have decreased third season in a row due to the higher consumption on domestic market.

Key supply markets remain EU countries and Turkey. The largest volumes are purchased by Turkey - 32% of all sunmeal exports, Latvia (25%) and Italy (15%).

Considering the fact, that sunseed production forecast for 2016/17 is not lower than 10.5 MMT considerable changed are not expected for these markets, but their size will expand. 

 

UkrAgroConsult

Readers choice: TOP-5 articles of the month by UkrAgroConsult