# W13 Sunflower Update: Argentina's 2023/24 Sunflower Crop Projections Drop Amidst Crop Condition Concerns,  Sunflower Prices Surged in Ukraine

> Updated Tridge sunflower review reports EU and UK oilseed crush fell 6.1% month on month in February 2024 but rose 6.6% year on year. Argentina's sunflower crop projections were cut on excessive rain, and Ukrainian sunseed prices rose with oil prices and the dollar.

- Date: 2024-04-06 · published 2024-04-06T12:00:00.000Z
- Category: weather · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/30844-w13-sunflower-update-argentina-s-2023-24-sunflower-crop-projections-drop-amidst
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower Argentine sunflower crop reduces meal and oil export supply, supporting sunflower meal and oil prices as buyers look for alternatives.

## Read by commodity

- SBO: bullish ▲
- SUNMEAL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-03-10 | [Argentina's sunflower crop could dip just as Ukraine war hits supply \| Reuters](https://feedsoft.ai/events/42392-argentina-s-sunflower-crop-could-dip-just-as-ukraine-war-hits-supply-reuters.md) | -7.2% | +238.1% |
| SBO | 2022-09-19 | [Sunflower prices in Ukraine are rising against the backdrop of a low harvest, long rains and rising rapeseed prices](https://feedsoft.ai/events/39703-sunflower-prices-in-ukraine-are-rising-against-the-backdrop-of-a-low-harvest.md) | -5.4% | -5.7% |
| SBO | 2021-09-16 | [Lower forecasts for sunflower production in Russia support purchase prices in Ukraine](https://feedsoft.ai/events/45177-lower-forecasts-for-sunflower-production-in-russia-support-purchase-prices-in.md) | -1.5% | +5.3% |
| SBO | 2024-09-06 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28427-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -2.7% | +1.0% |
| SBO | 2024-09-09 | [Rising sunflower oil and meal prices support sunseed prices in Ukraine](https://feedsoft.ai/events/28425-rising-sunflower-oil-and-meal-prices-support-sunseed-prices-in-ukraine.md) | -1.3% | +2.0% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w13-sunflower-update-argentinas-202324-sunflower-crop-projections-drop-amidst

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.