Sunflower Seed&Oil: Trade. Barriers. Competition
DATE
May 12, 2021

Ukraine to harvest record 17 mln tonnes of sunflower seed in 2021 - Spike Brokers

Source

APK-Inform

8139

A high margin of sunflower seed production and a dynamics of seed import allow expecting a record sunflower seed crop in Ukraine in 2021. The oilseed production can amount to 17 mln tonnes, declared a representative of Spike Brokers, Sergiy Nevskyy within the online conference Sunflower Seed&Oil: Trade. Barriers. Competition on May 12.

“The weather is still the main factor to watch. Today, the planting campaign of sunflower seed is delayed. As of May 21, 2020, the planting campaign of sunflower seed was 95% completed, while farmers have planted only 50% of the plan as of May 6, 2021. However, long and cold spring prolongs a sowing window for sunflower seed. Soil moisture is sufficient, and I think we will have enough sun. It seems to me that everything is quite good”, - he said.

S.Nevskyy pointed out that the weather would be the key factor and would have significant influence on estimations of crop size and premium of sunflower seed and oil prior to the crop harvesting.

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