Ukraine. Oilseed planting estimates for the new season are controversial as never before

29.03.2018

The official forecasts for Ukraine’s oilseed planted acreage differ from estimates made by UkrAgroConsult analysts. While this only concerned sunflower before, in recent years the discrepancy pattern has extended to other crops too, though to a lesser extent. There are weighty factors this year forcing us to revise our initial estimates and, most importantly, they do not rule out further adjustments in the figures.

The unusually frosty, snowy spring of 2018 becomes a key factor as it prevents farmers from starting full-scale spring planting and causes them to put it off.

As before, the second most important point is solving the issue of oilseed export VAT refunds, which will be considered by Parliament again under pressure from protesting agricultural entities. However, as the outcome of the standoff between soybean traders and crushers will impact mostly small and medium-sized growers and hardly will significantly affect the soya planting targets of major agri holdings.

UkrAgroConsult revised its estimates of spring rapeseed and soybean plantings, while the greatest upward adjustment remains in the estimate for sunflower plantings.

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

 

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