Ukrainian sunflower seed crop to be significantly lower than USDA said - Neroba




According to USDA, Ukraine will produce about 17 mln tonnes of sunflower seed in 2020, however, market participants expect this figure to be significantly lower, declared the Business Development Manager at Maxigrain S.A., Elena Neroba within the online conference Fat&Oil Industry-2020.

“USDA maintained the forecast made by local analysts at the start of 2020/21 MY when the area under sunflower seed was record. However, drought and lack of soil moisture will resulted in lower sunflower seed crop. I estimate it at 13 mln tonnes”, - the expert pointed out.

She added that we speak about official area only. According to different estimations, 10-15% of Ukrainian sunflower seed production is in the sidelines.

Moreover, E.Neroba expects sunflower seed crop to be at 12 mln tonnes in Russia, while USDA set this figure at 12.5 mln tonnes.