# The Grain Council raised the forecast for the world sunflower harvest by 600 thousand tons

> The International Grains Council raised its 2024-25 world sunflower seed crop forecast by 600 kt to 58.5 Mt on higher yield expectations. Russia is forecast at 17.4 Mt, Ukraine's estimate was lowered, and the EU, Argentina, and others are expected to produce more.

- Date: 2024-04-01 · published 2024-04-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/30847-the-grain-council-raised-the-forecast-for-the-world-sunflower-harvest-by-600
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A larger global sunseed crop expands future meal and oil supply, which is mildly bearish for sunflower meal prices later in the marketing year.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-02-13 | [USDA raised the forecast for Ukrainian sunflower oil](https://feedsoft.ai/events/37435-usda-raised-the-forecast-for-ukrainian-sunflower-oil.md) | +1.7% | -1.8% |
| SBO | 2022-10-07 | [Turkey on pace for record sunflower seed crop \| World Grain](https://feedsoft.ai/events/39252-turkey-on-pace-for-record-sunflower-seed-crop-world-grain.md) | +1.8% | +7.7% |
| SBO | 2022-05-30 | [EU sunflower harvest to set record by bigger margin than thought - Grain Price News](https://feedsoft.ai/events/41521-eu-sunflower-harvest-to-set-record-by-bigger-margin-than-thought-grain-price.md) | -0.3% | -14.2% |
| SBO | 2023-10-16 | [USDA improved the forecast for Ukrainian sunflower oil](https://feedsoft.ai/events/33751-usda-improved-the-forecast-for-ukrainian-sunflower-oil.md) | +2.4% | -0.3% |
| SBO | 2024-05-17 | [FNB News - Ukraine to remain world's largest exporter of sunflower oil though decline in processing \| FNB News](https://feedsoft.ai/events/30379-fnb-news-ukraine-to-remain-world-s-largest-exporter-of-sunflower-oil-though.md) | +1.6% | +2.7% |

## Sources

- tridge.com: https://www.tridge.com/news/the-grain-council-raised-the-forecast-for-th-ulngll

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