Share of sunflower seed processing to decline to multiyear low in Belarus in 2020/21 MY

Source

APK-Inform

9904

According to APK-Inform, a share of sunflower seed processing may decline to the multiyear low 3% in Belarus in 2020/21 MY compared to 5% in the preceding season.

“Low profitability of sunflower seed processing resulted in weak competitiveness of Belarusian sunflower products compared to Ukrainian and Russian ones. Thus, sunflower seed processing varied between 40-75 thsd tonens over the last 5 seasons depending on price situation”, - analyst of APK-Inform, Svetlana Kirichok explained.

Overall processing of oilseeds will reach record 1.37 mln tonnes in Belarus in 2020/21 MY, up by less than 1% compared to 2019/20 MY.

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