Forecast for the export of oilseeds and their processing products from Ukraine in season 2022/23
USDA in May report has increased the estimate of the export from Ukraine in the current season. Sunflower oil – to 4.4 million tons (+300 thousand tons) and sunflower meal – to 3.65 million tons (+200 thousand tons). The export of sunflower seeds is forecast at the level of 2.55 million tons. It is also expected that the export of Ukrainian soybeans in 2022/23 will increase to 3.25 million tons and soybean meal to 550 thousand tons.
Forecasts for season 2023/24
USDA experts forecast the sunflower harvest in 2023/24 in Ukraine at a level of 11.8 million tons. This is 600,000 tons more than in the current season. Production of sunflower oil and meal will remain at the same level — 4.9 million tons and 4.7 million tons, respectively.
Sunflower exports to decrease
Exports of sunflower from Ukraine in the coming season will decrease by 3.6 times — from 2.55 million tons to 700 thousand tons. Sunflower oil export will increase to 4.5 million tons (+100 thousand tons compared to the current season). Meal export – up to 3.875 million tons (+225 thousand tons).