# W22: Sunflower Update

> USDA projects global oilseed output up 7% in 2023/24, led by South American soybeans and EU, Russian and Ukrainian sunflower seed. The EU has extended duty-free access for Ukrainian farm imports but kept restrictions on sunflower, while Ukrainian sunflower oil has lost $25-30/t in value.

- Date: 2023-06-09 · published 2023-06-09T12:00:00.000Z
- Category: trade · region EU · magnitude medium
- Page: https://feedsoft.ai/events/35619-w22-sunflower-update
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Larger sunflower supply and EU import restrictions on Ukrainian product weigh on sunflower meal and oil values. Buyers can expect softer vegetable meal and oil prices.

## Read by commodity

- SBO: bearish ▼
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-06-30 | [Rise of Russian sunflower exports hits Ukraine’s share of market](https://feedsoft.ai/events/52735-rise-of-russian-sunflower-exports-hits-ukraine-s-share-of-market.md) | +4.1% | +6.5% |
| SBO | 2019-04-23 | [Ukraine and Russia increase the production of sunflower oil](https://feedsoft.ai/events/59716-ukraine-and-russia-increase-the-production-of-sunflower-oil.md) | -2.9% | -4.2% |
| SBO | 2026-04-30 | [Argentina is increasing its sunflower oil and meal exports](https://feedsoft.ai/events/19830-argentina-is-increasing-its-sunflower-oil-and-meal-exports.md) | +0.5% | -3.5% |
| SBO | 2023-06-02 | [Despite the drop in prices, the rate of sunflower oil exports from Ukraine remains high](https://feedsoft.ai/events/35624-despite-the-drop-in-prices-the-rate-of-sunflower-oil-exports-from-ukraine.md) | +5.0% | +20.5% |
| SBO | 2024-12-04 | [Sunflower prices in Ukraine remain under pressure from falling export prices for sunflower oil](https://feedsoft.ai/events/27070-sunflower-prices-in-ukraine-remain-under-pressure-from-falling-export-prices.md) | +2.9% | -0.0% |

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w22-sunflower-update

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