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Russia's sunflower oil exports rose 37% year on year in January to November 2023, with India and China as the main buyers. Russia harvested a record 16.7 million tonnes of sunflower seed, and India's sunflower prices rose 10% amid Red Sea shipping problems.
Russian farmers may reduce sunflower area next season.
Record Russian supply and expanding exports keep oilseed pricing in check, while shipping disruption lifts prices in importing markets. A smaller planted area next season could tighten supply later.
tridge.comNur HameedJan 18, 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.
