The forecast yield of soybean and sunflower in Ukraine in 2020, once again raised

2020-06-24 12:56:11
Machine translation
The forecast yield of soybean and sunflower in Ukraine in 2020, once again raised

once the balance of proposals and distribution of oilseeds in Ukraine, the experts of "APK-inform" has increased compared to previous estimates forecast the yield of sunflower by 4% to 26 t/ha, and soybeans by 3% to 25.5 t/ha due to favourable for plant growth weather conditions. Although in the case of excessive rainfall in certain regions, a favorable impact of weather on crops can be negative.

 

it is Expected that in 2020, the sowing area of sunflower in Ukraine will increase to 6.2 million hectares and the gross harvest will reach 16.1 million tonnes, while the sowing area of soybean will be reduced to 1.4 million hectares, and the yield will be 4.2 million tons.

 

the higher forecast sunflower production puts pressure on prices of the new crop, which now account for 380-390 $/t or 10000-10300 UAH/t with delivery to the plant in comparison with 11500-11900 UAH/t today and 9000-9500 UAH/t in October last year.

 

the Forward price of soybeans of the new crop are 330-340 $/t for deliveries to the port in September-October, whereas last year in this period they did not exceed 320-330 $/t

 

According to APK-inform, in the period January-may 2019/20 Mr main buyer of Ukrainian soybeans were Turkey, although in comparison with the previous season, the exports in this direction has decreased by 4%.

 

Belarus, which is the second key consumer of soybeans, has reduced the volume of purchases by 13% by increasing the supply of soybeans from Russia.

 

at the same time the EU countries increased purchases of Ukrainian soybeans 89%, Egypt – twice, Lebanon – 81%, Iran – in 3,1 times. The TOP 10 major importers included China, which increased compared to the previous season, the import of soy from Ukraine to 37 times to 63 thousand tons.

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