# W34: Sunflower Update

> The EU exported a record 318,000 tonnes of sunflower oil from April 2022 to June 2023. Russia's 2023 sunflower crop is projected at a record 16.6 million tonnes, and Bulgarian mills face closure after a ban on cheap Ukrainian seed imports.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/34216-w34-sunflower-update
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A record Russian crop and rising EU oil exports add supply to the sunflower complex, which pressures sunflower meal and oil prices.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-07-21 | [W28: Sunflower Update](https://feedsoft.ai/events/35160-w28-sunflower-update.md) | +5.4% | -0.5% |
| SBO | 2023-05-18 | [W19: Soybean Oil Update](https://feedsoft.ai/events/36026-w19-soybean-oil-update.md) | +2.7% | +15.5% |
| SBO | 2024-12-27 | [W51 2024: Soybean Weekly Update](https://feedsoft.ai/events/11400-w51-2024-soybean-weekly-update.md) | -0.1% | +10.0% |
| SBO | 2020-06-04 | [USDA projects increase in sunflower production](https://feedsoft.ai/events/52727-usda-projects-increase-in-sunflower-production.md) | +0.5% | +1.3% |
| 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% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w34-sunflower-update

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