Turkey: 2022/23 MY oilseed market forecast
25 May, 2022 at 15:05Military 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.
