What is the expected sunflower harvest in producing countries around the world, including Ukraine, analysts of the US Department of Agriculture reported in a report for May.
According to the study, in 2021/22 MY, Ukraine can count on an increase in the total amount of this agricultural crop by 18%, which in physical terms is about 16.7 million tons, which is 2.6 million tons more than in 2020/21 MY.
Corresponding changes are also expected in related industries that are responsible for seed processing. Experts report that Ukrainian sunflower oil will also be produced by 18% more. If in the previous year this figure was 5.934 million tons, then this year Ukraine will be able to receive up to 6.99 million tons.
The forecasts also included data on a valuable feed product – sunflower meal. Its production will increase by 1 million tons compared to 2020/21, which is 6.71 million tons in 2021/22.
The US Department of Agriculture also estimated the global sunflower yield for the new period, predicting an increase in the figure to 54.92 million tons. In 2020/21, this value was 49.69 million tons, which is 5.22 million tons less than the expected results in 2021.
The volume of sunflower meal production in the new period is also higher than expected in 2020/21: 22.56 million tons against 20.59 million tons.
In 2020/21 MY, the amount of this raw material in the report was 19.19 million tons, which is 1.96 million tons less than expected in 2021/22.
How the amount of sunflower crop, as well as sunflower meal and oil in physical terms will change in other countries:
- In Argentina, there will be only half a million tons more sunflower, and 0.09 million tons more feed product and oil equally;
- The forecast for the production of sunflower raw materials in Russia is 5.47 million tons, and oil – 5.49, which is due to the yield of the crop for the year up to 14.5 million tons;
- In Turkey, the results of sunflower sowing are expected at the level of 1.8 million tons of harvested raw materials, which will increase the production of sunflower meal by 0.16 million tons, and oil by 0.13.
- In the countries of the European Union, the yield of the crop is expected at the level of 10 million tons, which is why we should expect an increase in the results of product processing by 0.38 and 0.32 million tons for sunflower meal and sunflower oil, respectively.
It is worth noting that India is not yet ready to increase imports of sunflower raw materials, which is due to high prices, as well as the COVID-19 pandemic.