World forecasts of oilseed production depend directly on Ukraine

21.06.2016

In the fresh report of USDA world oilseed production in 2016/17 were raised to 533.86 MMT (533.82 - May estimates). Estimates were lowered for China to 53.34 MMT and increase in world production is partially planned at the expense of Ukrainian sunflower. Estimates of Ukrainian sunflower production increased by 1 MMT to 13 MMT. Total world sunflower production is expected at 42.19 (+1 MMT).

World soybean production was lowered by 0.5 MMT to 42.19 MMT at the expense of Ukraine. Ukrainian production was lowered by 500 KMT to 4.5 MMT. estimates for other producers were left unchanged.  World production of rapeseed was left at 66.15 MMT.

Further development of world oilseeds market in the 2016/17 season will be discussed at the IV International Conference “Black Sea Oil Trade-2016”, September 7, 2016, Kyiv, Ukraine. Organizer - consulting agency UkrAgroConsult.

 

 

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