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USDA: Sunseed crop in the Black Sea region to gain 2 MMT 14 August, 2019 at 07:08

In the August report, USDA raised its 2019/20 oilseed crop estimate for the Black Sea region by 1.4 MMT, to 46.498 MMT, at the expense of a 2 MMT increase in sunflower seed production with a 0.6 MMT cut in the rapeseed crop, reports UkrAgroConsult.

The sunflower seed adjustment concerned Russia (+1 MMT), Ukraine (+0.7 MMT), Turkey (+0.2 MMT) and Moldova (+0.1 MMT). The rapeseed crop outlook was cut for Ukraine (-0.7 MMT) and increased for Russia (+0.1 MMT).

 

USDA: Oilseed production estimates for Black Sea and CIS countries, KMT

 

Sunseed

Soybeans

Rapeseed

2019/20

August

2019/20

July

2019/20

August

2019/20

July

2019/20

August

2019/20

July

Ukraine

15 500

14 800

3 800

3800

3 200

3 900

Russia

13 000

12 000

4 300

4 300

2 100

2000

Kazakhstan

900

900

-

-

320

320

Moldova

900

800

-

-

50

50

Turkey

1 750

1 550

100

100

88

88

Belarus

-

-

-

-

490

490

Total

32 050

30 050

8200

8200

6248

6848

 

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Please be reminded that on September 5, UkrAgroConsult will host a major meeting point of the oilseed industry operators - the 7th International Conference “Black Sea Oil Trade-2019” in Hilton, Kyiv, Ukraine.

‘Black Sea Oil Trade’ conference annually brings together key players of the global agribusiness at the start of a new oilseed season. The goal of the conference is to discuss prospects and directions of the Black Sea and global oilseed market development, exchange international contacts, share recommendations for adapting business strategies in the changing market and global trade.

More than 250 delegates from 25+ countries attend the conference annually. Conference participants are represented by producers and crushers of oilseeds, traders, enterprises for deep processing of vegoils, investment companies, banks, legal, shipping, brokerage, insurance, surveyor and other companies.