Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Conflict on the Black Sea: a review of Ukraine sunflowerseed

10.11.2022 13:35 "Agro Perspectiva" (Kyiv) — The Russian invasion of Ukraine triggered a series of major impacts on the global oilseeds market. Prior to the conflict, Ukraine ranked as the top producer of sunflowerseed and top exporter of sunflowerseed products, representing about half of global trade in 2020/21. Though the situation is still ongoing, the

close of the marketing year (September 2021-August 2022) provides an opportunity to assess the impacts of the conflict on sunflowerseed trade flows.

Before the war, Ukraine produced sunflowerseed primarily to crush domestically and then exported the meal to China, the EU, and Turkey and oil to India, China, and the EU. The onset of hostilities dealt a massive blow to logistics, infrastructure, and port access as railways, roadways, and storage and processing facilities were all targets of Russian attacks. Domestic processors reduced operations, faced with both limited opportunities to export through regular maritime shipping routes and dwindling storage capacity. The resulting glut of unprocessed sunflowerseed found new export destinations in geographically accessible countries with available crush capacity such as the EU, Turkey, and Moldova.

Though shipments picked up significantly in September, less than a quarter million tons of sunflowerseed products departed Ukraine as part of the Black Sea Grains Initiative between its commencement on August 1, 2022 and the end of the marketing year. Given market dynamics, sunflowerseed products made up a small portion of total volume compared to feed grains and sunflowerseed shipments were minimal.

The shifts in destination and product type impacted global consumption as prices rose and exports fell. In the EU, access to inexpensive Ukraine sunflower seed for crush led to sunflowerseed meal and oil making up larger percentages of total oilseed consumption in MY 2021/22. In China, pandemic restrictions, a weaker economy, and sluggish consumption combined with high global vegetable oil prices and reduced supplies of Ukraine sunflowerseed oil contributed to lower total vegetable oil imports for the year.

In all, Ukraine exported more than seven-and-a-half times as much sunflowerseed, 26 percent less sunflowerseed meal, and 15 percent less sunflowerseed oil than in the previous year. The tumultuous year in trade has left the country with massively bloated sunflowerseed stocks heading into MY 2022/23.

The current-year trade forecasts for Ukraine sunflowerseed and products reflect lower production expectations as well as the assumption of continued distorted trade patterns and limited crush. Currently, Ukraine exports for MY 2022/23 are forecast at 1.95 million tons of sunflowerseed, 2.75 million tons of sunflowerseed meal, and 3.60 million tons of sunflowerseed oil. The EU is expected to continue importing large volumes of sunflowerseed due to drought impacts to its own oilseed crops.

Continued volatility in the region, damage to infrastructure, and the fragility of the Black Sea Grains Initiative remain points of uncertainty that will determine the volume and destination of exports able to leave the country.

AGRO PERSPECTIVA offers Agro + «Ukrainian Grain & Oilseed Market» weekly analytical bulletin.

Concerning subscription please contact: client@agroperspectiva.com or +380675964652 (WhatsApp, Viber, Telegram).

Agro Perspectiva

< Ukraine: FAO reinforces its presence to optimize technical and humanitarian assistance All news for
10.11.2022
Alarming signs as the global food import bill set to rise to nearly US$2 trillion due to higher prices >

19.03.2024  
09:43 CAP - The Commission proposes simplifications that safeguard agricultural transitions!
18.03.2024  
23:10 The European Union and Switzerland launch negotiations to deepen bilateral relations
10:05 Commission proposes targeted review of Common Agricultural Policy to support EU farmers
15.03.2024  
23:36 Cargill Power CanolaTM Program Helps Farmers Take Advantage of Growing Bioenergy Market Opportunities for Canadian Canola
23:19 FAO will provide Ukrainian farmers with soybean and sunflower seeds for spring sowing campaign
13.03.2024  
23:27 FAO urges more cooperation in banana sector, significant for some least developed and low-income food-deficit countries and smallholder farmers
16:51 The European Commission sets out key steps for managing climate risks to protect people and prosperity
12.03.2024  
20:25 Coreper and COMENVI approve the provisional agreement on EU Carbon Removal Certification Framework
20:24 INTA MEPs fail EU producers by dismissing potential improvements to Ukraine ATMs
08:10 Soybean meal is expected to be a more competitive feed ingredient on higher global supplies.
11.03.2024  
09:11 U.S. Corn Exports Shift Destinations as Brazil Captures China Market
08.03.2024  
15:20 Conflicts push acute food insecurity higher
13:21 FAO Food Price Index declines further in February
13:14 Packaging: Council and Parliament strike a deal to make packaging more sustainable and reduce packaging waste in the EU
11:45 Commission approves ˆ61.3 million Bulgarian State aid scheme to support farmers, producers of grain and oil crops, in the context of Russia's war against Ukraine
07.03.2024  
20:41 First go-ahead to renewing trade support for Ukraine and Moldova
05.03.2024  
15:55 Commission proposes to prolong road transport agreements with Ukraine and Moldova and introduces updates to the agreement with Ukraine
02.03.2024  
07:31 Heroes of deserts and highlands: Nourishing people and culture
23.02.2024  
10:21 BASF’s financial strength supports proposed stable dividend of ˆ3.40 per share for the 2023 business year
10:17 The Council has chosen to ignore farmers' concerns regarding Ukraine ATMs; it is now imperative for the European Parliament to take action
20.02.2024  
20:27 South Asia is anticipated to import nearly 14 million tons wheat in 2023/24
19.02.2024  
13:00 Cargill and ENOUGH expand partnership to provide consumers with innovative, sustainable protein options
17.02.2024  
17:47 Global Environment Facility approves new FAO-led projects and programs benefiting 46 countries
16.02.2024  
09:10 The EU is at a crossroads with the Ukrainian agricultural issue - COPA-COGECA, AVES, CEFS, CEPM, CIBE, EUWEP
13.02.2024  
17:31 European farmers exempted from rules on land lying fallow
12.02.2024  
16:45 India Wheat Stocks Plummet to Lowest in 15 Years
03.02.2024  
17:35 Mandarins. Global production for 2023/24 is forecast to rise to 38.0 million tons
09:59 Record cereal output in 2023
07:15 FAO Food Price Index down again in January led by lower wheat and maize prices
29.01.2024  
10:32 President von der Leyen launches Strategic Dialogue on the Future of EU Agriculture
26.01.2024  
11:31 Record Exports Forecast for Egypt Oranges
23.01.2024  
17:55 With the Federal Chancellor in the show bakery
19.01.2024  
11:45 Organic production in Ukraine
16.01.2024  
23:25 Domestic consumption of dairy products may double in 2024 – analysts
12.01.2024  
23:53 Competition Tightens for Leading Pork Exporter
22:55 Peru Fish Meal Exports at Lowest Level Since 2015/16 El Niño
22:43 Grains Trade Disrupted by Challenges in Key Shipping Routes
10.01.2024  
15:38 In China, the largest import market for dairy products, surplus raw milk production led to government subsidies to stabilize the domestic processing sector
09.01.2024  
11:55 The FAO Sugar Price Index averaged 134.6 points in December, down 26.8 points from November
06.01.2024  
12:43 Polish fish and seafood imports continued to grow in 2022 and reached over $3 billion, with a $129 million (4 percent market share) originating from the USA
05.01.2024  
17:21 EU imports are dominated by unroasted green coffee beans, which accounts for about 90 percent of trade
17:00 FAO Food Price Index declines in December. Benchmark measure of world food commodity prices ends 2023 about 10 percent below its year-earlier level
29.12.2023  
09:53 Global and Bank of Georgia sign EUR50 million loan agreement to support small businesses
28.12.2023  
16:47 EIB delivers EUR3 million for energy-efficient upgrades in three Ukrainian cities
27.12.2023  
23:11 EU agri-food trade surplus increases in September 2023
26.12.2023  
15:05 FAO and EU launch a second grant call to bolster the recovery of Ukrainian farmers
18.12.2023  
09:00 EIB Global offers support to Ukraine, Moldova and Georgia on the next step of their EU accession paths
11.12.2023  
13:21 FAO Food Price Index holds steady in November
09.12.2023  
22:15 Donau Soja: Republic of Moldova increases soya harvest in 2023 and boosts market opportunities in the EU
24.11.2023  
12:25 SUGAR MARKET BY SESVANDERHAVE

Also available: 


NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2024 © Agrarika, ltd.
tel.: +380 67 4473802; +380 67 5964652
e-mail: client@agroperspectiva.com