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Turkey: 2022/23 MY oilseed market forecast

25 May, 2022 at 15:05

Military actions are key factor in expanding the SFS area for almost all producing countries to reduce imports dependence and to recover stocks.

Key factors for SFS imports increase:

  • opening of SFS exports from Russia (SFS export tax expires on August 31)
  • forecast of increased SFS production in Romania and Bulgaria
  • record high SFS stocks in Ukraine.

Key risks for further imports growth:

  • uncertainty in government regulation of SFS exports by Russia in 2022/23 MY
  • unpredictable timing of Ukrainian seaports reopening
  • Russia’s war against Ukraine, if continues, will lead to further changes in trade flows.