Russia will increase competition Ukraine sunflower oil market

In Russia as of 13 November from 7.4 million hectares, or 93,4% of the areas harvested 11.8 million tons of sunflower seeds in bunker weight, which is 3.1 million tonnes higher than the figure of 2017. The yields are above last year by 2% and amounts to 1.58 MT/ha.

This corresponds to the USDA forecast, the experts who have increased the harvest of sunflower in Russia, 500 thousand tons to 11.5 million tons in net weight.

500 thousand hectares that is left untreated, nanolett at least 500-700 thousand tons of sunflower, and the gross yield may exceed 12 million tons, whereas in 2017 it amounted to 10.5 million tons, in 2016 – of 11.01 million tons.

Due to the increase in sunflower crop, Russia will increase production and export of sunflower oil. The experts of "APK-inform" estimate that exports to 2.2 million tons, whereas in 2017/18 MG the country exported 2.18 million tons of sunflower oil.

In Ukraine as of 13 November with 99% of the area harvested 13.7 million tons of sunflower seeds with a yield of 2.27 t/ha, while the experts, the USDA estimated the crop at 14.5 million tons. However, it should be noted that part of the crop not accounted for in official statistics, because the manufacturers hide the real numbers.

2017/18 MG Ukraine produced of 5.93 mln tonnes of sunflower oil, which is exported 5.35 million tons By USDA experts in 2018/19 MG sunflower oil production in Ukraine will reach 6.2 million tons and exports 5.6 million tons.

the Main buyers of Russian sunflower oil are Egypt, Turkey and the Middle East, whereas Ukrainian buy India and the EU. Therefore, intense competition between providers is observed in 20-25% of the market.

soon, However, Russia will increase competition on the world market of sunflower oil due to its high potential to increase acreage and yield of sunflower. It is expected that by 2024, production of oil crops will increase twice and will reach 35.4 million tons