USDA: Black Sea oilseed crop forecast raised

In February’s report, the USDA raised its estimate for the 2018/19 Black Sea oilseed crop to 45.5 MMT (+1.2 MMT).

The sunflower seed crop in the region is expected to increase to 31,250 KMT at the expense of a 1,050 KMT gain in Russia (to 11,500 KMT).

The Black Sea rapeseed crop in the 2018/19 season will rise to 5,813 KMT because of a 150 KMT upward adjustment for Ukraine (to 2,850 KMT), reports UkrAgroConsult.

The forecast for soybean production in the Black Sea region remained at 8.4 MMT.

Detailed analysis of the latest trends in oilseeds/vegoils/meals exports, palm oil imports, supply and demand balances with breakdown by crop as well as crop conditions and progress in planting/harvesting in the countries of Black Sea Region is available to subscribers for weekly market report "Black Sea Vegoils" by UkrAgroConsult.