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Ukraine exported 2.68 million tonnes of sunflower meal from September to May of the 2024/25 season, down 29% year on year and the lowest since 2011/12. The EU took about 49% of exports and China about 35%.
Argentine and Russian meal are taking share in the EU and China respectively.
A much smaller Ukrainian export flow tightens available sunflower meal supply in the EU and China, supporting meal prices and pushing buyers toward soybean meal or Argentine alternatives.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.