It is forecasted a decrease in world sunflower processing
Volumes of sunflower processing during the current MY decrease by 1.3 million tons of by 7% compared to the same indicator of the past year. Now the sunflower processing volumes are forecasted at 19.09 million tons, while last season this figure was 20.42 million tons.
Such information was provided by APK-Inform.
Decrease in the level of processing of this crop is expected in such countries as Ukraine (by 1.16 million tons), Russia (by 0.51 million tons), Turkey (by 0.02 million tons), South Africa (by 0.05 million tons) and the United States (by 0.02 million tons).
In general, according to the forecast of analysts, the world’s sunflower processing volumes in the current MY can reach 43.6 million tons, while last year it was managed to process 44.8 million tons.
According to recent forecasts, a decrease in sunflower processing indicators worldwide is expected in the coming years. This is due to a decrease in sunflower cultivation areas in some countries such as Ukraine and Russia, as well as a decrease in the productivity of agricultural lands. However, experts note that this trend can be mitigated by the development of new technologies and the improvement of processing efficiency processes. Nevertheless, the decrease in sunflower processing indicators may lead to an increase in prices for sunflower oil and other products, which can negatively affect the economic situation in some regions of the world.