USDA raised its forecast for sunseed production in the Black Sea region

14.07.2017

In its July report, the USDA raised the forecast for Black Sea rapeseed production in MY 2016/17 to 2820 KMT (up 3 KMT) due to a slightly increased output estimate for Moldova (43 KMT). In addition, the sunseed crop was raised to 27,810 KMT (up 677 KMT) due to another gain in the estimates for this crop’s output in Ukraine (14,200 KMT, up 450 KMT) and Moldova (677 KMT, up 227 KMT), reports UkrAgroConsult.

The updated oilseed production forecast envisages higher Black Sea sunseed output in the new 2017/18 season: 28,225 KMT, or up 600 KMT against June’s forecast.

The USDA upwardly revised its previous sunseed crop forecasts for Ukraine (up 500 KMT) and Moldova (up 100 KMT). 

USDA: Oilseed production estimates for Black Sea and CIS countries (2016/17, 2017/18), KMT

 

Sunseed

Soybeans

Rapeseed

2017/18,

July

2017/18,

June

2016/17,

July

2017/18,

July

2017/18,

June

2016/17,

July

2017/18,

July

2017/18,

June

2016/17,

July

Ukraine

14 500

14 000

14 200

4 600

4 600

4 280

2 100

2 100

1 250

Russia

11 000

11 000

10 858

3 300

3 300

3 134

1 100

1 000

997

Kazakhstan

750

750

755

-

-

-

225

225

170

Moldova

550

450

677

-

-

-

40

40

43

Turkey

1 425

1 425

1 320

85

85

100

60

60

60

Belarus

-

-

-

-

-

-

300

300

300

Total

28 225

27 625

27 810

7 985

7 985

7 514

3 825

3 725

2 820

 

Further prospects of the world 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.

Annual International Conference “Black Sea Oil Trade” – is an effective platform, providing oilseed industry operators with vast networking opportunities, exclusive analytics of Ukrainian and Black Sea agri market, insights for development of the long term business strategies.

Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegetable oils, agriholdings, investment companies, banks, legal, shipping, brokerage, insurance, surveyor companies etc.

Early Bird registration rate is available! Market operators from 10 countries have already registered to take part. 

Follow the updates, Agenda and Speakers at the conference website.

 

 

UkrAgroConsult

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