# W2 Sunflower Update: Russia's Sunflower Exports Surge 37% YoY from Jan-23 to Nov-23; India's Sunflower Prices Surge 10% Amid Red Sea Crisis and Shipping Woes

> 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.

- Date: 2024-01-18 · published 2024-01-18T12:00:00.000Z
- Category: trade · region Russia · magnitude low
- Page: https://feedsoft.ai/events/32239-w2-sunflower-update-russia-s-sunflower-exports-surge-37-yoy-from-jan-23-to-nov
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

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.

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w2-sunflower-update-russias-sunflower-exports-surge-37-yoy-from-jan-23-to

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