Sunseed inventories in Ukraine and Russia lower than last year

04.06.2018

UKRAINE. According to current information of the State Statistics Committee, sunseed inventories in Ukraine totaled 2652.7 KMT as of May 1, 2018 that is down 10.3% from the same date last year (2958.8 KMT). This included 1184.8 KMT kept on farms (down 376.8 KMT, or 24.1% on the year) and 1467.9 KMT kept by storage companies and crushers (down 70.7 KMT, or 5%), reports UkrAgroConsult.

As of May 1, 2018, crusher stocks of soybeans were down 18.6% on the year at 273.4 KMT (335.8 KMT as of May 1, 2017). At the same time, rapeseed inventories were more than twice as high as last year, at 50.4 KMT versus 22.8 KMT available as of May 1, 2017.

RUSSIA. Russian growers held 1188.7 KMT of oilseeds as of May 1, 2018. This was 100.7 KMT (7.8%) less than as of the same date last year (1289.4 KMT). Oilseed inventories decreased 440.4 KMT in April, reports UkrAgroConsult.

Farmer sunseed stocks totaled 578.5 KMT, i.e. 206.7 KMT (26.3%) less than as of the same date last year (785.2 KMT). Sunseed inventories decreased 292.5 KMT in April.

More detailed information on the latest trends in oilseeds/vegoils/meals exports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the VI International Conference “Black Sea Oil Trade”, which will take place on September 20, 2018 in Hilton hotel, Kiev, Ukraine.

In 2017 International Conference «Black Sea Oil Trade» attracted 250 delegates from 25 countries and 150 companies. Conference participants are usually represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, investment companies, banks, law, shipping, brokerage, insurance and surveyor companies.

 

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