# W42: Sunflower Update

> USDA raised its 2023/24 global sunflower oil production forecast to 22.03 million tonnes from 21.65 million, with Ukraine, Argentina and Russia all revised up. Export and import forecasts also rose, with India's imports up 500,000 tonnes to 2.7 million.

- Date: 2023-10-26 · published 2023-10-26T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/33755-w42-sunflower-update
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher global sunflower oil supply and import demand from India offset each other, leaving a mixed but mildly bearish effect on vegetable oil prices.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-02-21 | [W7: Weekly Sunflower Oil Update](https://feedsoft.ai/events/37436-w7-weekly-sunflower-oil-update.md) | -1.9% | -5.1% |
| SBO | 2017-06-07 | [Sunflower prices down 10%](https://feedsoft.ai/events/70614-sunflower-prices-down-10.md) | +2.2% | +5.6% |
| SBO | 2019-04-02 | [Plant more sunflower acres this year](https://feedsoft.ai/events/59714-plant-more-sunflower-acres-this-year.md) | +1.1% | -3.5% |
| SBO | 2023-05-01 | [Soybean Crush Update - Decision Innovation Solutions](https://feedsoft.ai/events/36014-soybean-crush-update-decision-innovation-solutions.md) | -1.0% | -8.8% |
| SBO | 2019-02-28 | [2018 Year End RIN Update - farmdoc daily](https://feedsoft.ai/events/60464-2018-year-end-rin-update-farmdoc-daily.md) | -1.0% | -3.3% |
| PALMOIL | 2023-02-21 | [W7: Weekly Sunflower Oil Update](https://feedsoft.ai/events/37436-w7-weekly-sunflower-oil-update.md) | +0.5% | -3.5% |
| PALMOIL | 2020-05-08 | [China's Hog Production Growth – A Post-ASF Update – MPOC](https://feedsoft.ai/events/53097-china-s-hog-production-growth-a-post-asf-update-mpoc.md) | +2.8% | +21.2% |
| PALMOIL | 2023-10-15 | [Palm Oil News, Palm Oil Price, Palm Oil Updates, Palm Oil Trends, InfoSAWIT English](https://feedsoft.ai/events/33746-palm-oil-news-palm-oil-price-palm-oil-updates-palm-oil-trends-infosawit-english.md) | -0.2% | +2.8% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w42-sunflower-update

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