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Ukraine exported almost 3.8 million tonnes of sunflower meal in September 2023 to May 2024, up 23% year on year and the highest September-May figure in four years. The EU took 45% of the volume, with exports to China down 12%.
Strong Ukrainian export flows add supply to the sunflower meal market. The EU's new tariffs on Russian meal from July 1 could push more Ukrainian meal into Europe, which supports sunflower meal prices there.
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.