USDA: Black Sea region will harvest 43.2 MMT of oilseeds

18.09.2018

In the September USDA report, the forecast for the 2018/19 Black Sea oilseed crop was actually left unchanged at 43202 KMT (+50 KMT), reports UkrAgroConsult.

The slight gain is expected at the expense of a raised forecast for sunseed production in Moldova, which is now at 900 KMT versus 850 KMT predicted a month ago.

The forecast for the 2018/19 rapeseed crop in the Black Sea region remained at 5363 KMT, with that for soybeans left at 8199 KMT.

USDA: Oilseed production estimates for Black Sea and CIS countries (MY 2017/18 and 2018/19), KMT

 

Sunseed

Soybean

Rapeseed

2018/19

August

2018/19

July

2018/19

August

2018/19

July

2018/19

August

2018/19

July

Ukraine

15 000

15 000

4 200

4 200

2 600

2 600

Russia

11 000

11 000

3 900

3 900

1 800

1 800

Kazakhstan

1 000

1 000

-

-

275

275

Moldova

900Описание: arrow1

850

-

-

50

50

Turkey

1 740

1 740

99

99

88

88

Belarus

-

-

-

-

550

550

Total

29 640Описание: arrow1

29 590

8 199

8 199

5 363

5 363

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting 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. More than 200 delegates from 27 countries have already registered for participation in the International Conference «Black Sea Oil Trade». 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.

 

UkrAgroConsult

 

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