Sunflower seed market in Russia steadily heading for records


Svetlana Kupreeva oilseed and vegoil market analyst at "UkrAgroConsult"

The Russian sunflower seed market is going to break some records in the new season 2018/19, whereas last marketing year did not fully meet growers’ expectations. Although the planted area expanded by more than 5%, the final yield was down almost 4%. The situation was aggravated by weather conditions at the end of harvest, when part of crops got covered with snow. As a result, almost 10% of plantings were written off.

Meanwhile, despite the crop decline, Russian sunflower oil exporters managed to set a new record in the 2017/18 season due to high sunseed carryovers, lower sunseed exports and a decrease in closing sunoil stocks.

According to UkrAgroConsult’s estimates, the 2018/19 sunflower seed crop in Russia will hit a new high at the expense of an acreage expansion along with a record yield for Russia.

Sunflower seed crush will increase; sunflower seed exports will also grow slightly.

In the long-term (until 2024), Russia’s agriculture faces the task of raising oilseed production and processing – this includes doubling the sunflower seed crop.

Full version of the article is available to subscribers for weekly market report “Black Sea Vegoils” by UkrAgroConsult.

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