Ukraine. Sunoil production unlikely to plummet in 2017/18

10.05.2017

According to official forecasts, sunflower plantings will total just 5.4 Ml ha in 2017, i.e. they are expected to shrink by more than 700 Th ha. UkrAgroConsult also believes that sunflower planted area for the 2017 crop will decrease, but the announced 5.4 Ml ha forecast is much underestimated. In our opinion, the drop in sunflower plantings, if any, will be at most 200-300 Th ha.

Regarding the crop, with the official acreage prediction at 5.4 Ml ha, Ukraine will be able to harvest just 11.7 MMT, i.e. the world market will receive 750 KMT less sunoil.

Moreover, the sunseed crop fall to a level of 11.7 MMT will be very noticeable for crushers, since Ukraine’s crushing capacities are forecast to increase in 2017/18.

In the opinion of UkrAgroConsult, the sunseed crop is unlikely to fall by almost 2 MMT.

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

Further prospects of the Black Sea oilseeds/vegoils market will be discussed at the V International Conference “Black Sea Oil Trade”, which will take place on September 19, 2017 in Hilton hotel, Kiev, Ukraine.

 

UkrAgroConsult

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