# USDA increased its forecast for sunseed production, but sharply reduced exports in 2023/24 MY

> USDA's May report raised its 2023/24 world sunflowerseed production forecast to about 54.3 million tonnes, with gains in Ukraine, the EU and Russia. It also cut Ukraine's export forecast only slightly for 2022/23, and the EU ban on Ukrainian supply to five countries has curbed exports.

- Date: 2023-05-16 · published 2023-05-16T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/36066-usda-increased-its-forecast-for-sunseed-production-but-sharply-reduced-exports
- Commodities: [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Larger sunflower output points to more meal and oil supply later in the year, which is mildly bearish for sunflower meal prices.

## Read by commodity

- SUNMEAL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/usda-increased-its-forecast-for-sunseed-production-but-sharply-reduced-exports-in-2023-24-my/

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