USDA reduced its sunseed crop estimates for the Black Sea region

13.09.2017

In the September report, the USDA increased its forecast for Black Sea rapeseed production in the 2017/18 season and reduced the respective figure for the sunseed crop, reports UkrAgroConsult.

So, the region is expected to harvest more rapeseed due to a 100 KMT crop increase in Russia (1250 KMT). The foreseen overall cut in sunseed output results from a 500 KMT decrease in the production estimate for Ukraine (14000 KMT). It was not offset by a 175 KMT gain in the sunseed crop forecast for Turkey (1600 KMT).

The 2016/17 oilseed crop estimates for the Black Sea region were left unchanged.

Further prospects of the oilseeds/vegoils market in the Black Sea region countries 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.

Market operators from 30 countries have already registered to take part. 

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

 

UkrAgroConsult

 

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