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Mintec's Kyle Holland said at a Seville conference that global oilseed supply, including production and beginning stocks, will fall to 60.55 million tonnes in 2024/25 from 61.57 million. Ukraine and Russia are expected to cut sunflower harvests, while the EU's crop rises slightly.
Lower sunflower supply from the two largest producers tightens the sunflower complex and supports meal and oil prices. Sunflower seed and oil prices have already trended higher since September 2023.
apk-inform.comJun 14, 2024Not 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.
